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QUESTION 3.5 (Taxable income from Australian and foreign sources) Yvette Jankic, a resident single taxpayer aged 31, worked in New Zealand from 1 July 2020

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QUESTION 3.5 (Taxable income from Australian and foreign sources) Yvette Jankic, a resident single taxpayer aged 31, worked in New Zealand from 1 July 2020 until 15 November 2021 and has provided the following information for the 2021/22 tax year: Receipts $ Interest (net of TFN tax withheld $470) 530 Interest from United Kingdom (net of withholding tax $300) 2,700 Dividend from Georgia (net of withholding tax $2,100) 3,900 Gross salary - Australian employment (PAYG tax $5,285 21,000 withheld) Reportable fringe benefit as per PAYG Summary 6,252 Net salary - New Zealand employment (tax withheld $2,540) 12,650 Bonus from Australian Employer for exceptional 2,000 performance Payments Interest and Dividend deductions relating to United 250 Kingdom and Georgia investments Work-related deductions relating to Australian 300 employment Note - Yvette does not have private health insurance. Calculate Yvette's taxable income for the 2021/22 tax year. Calculate Yvette's net tax payable or refundable for the 2021/22 tax year

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