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Question 2: During the year ended 30 June 2018 Francis, a resident taxpayer, received salary and wages income of $85,000 and a 80% franked dividend

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Question 2: During the year ended 30 June 2018 Francis, a resident taxpayer, received salary and wages income of $85,000 and a 80% franked dividend of $4,800. His employer deducted PAYG instalments of $18,250. He has no dependents for tax purposes and no allowable deductions. However he received a parking fine of $180 in March 2018. He also paid road tolls to travel to work and incurred $1,200 for this financial year. Required: Calculate the net tax payable / refundable (ignore Medicare Levy). Net Tax Payable / Refundable

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