Question
QUESTION3.11 (Exemptforeignincomewithnotaxableincome) On1July2021,GiHun,aresidenttaxpayeraged31,travelledtoSouth Ioreawhereheworkedcontinuouslyfor9monthsasacharitable worker by a recognised non-government organisation aid worker before holidayingthroughoutAsiaforthreemonths. HederivedgrosswagesinSouthKoreaof$93,000,$13,000taxwas withheld. While he was overseas, he leased out his home
QUESTION3.11 (Exemptforeignincomewithnotaxableincome)
On1July2021,GiHun,aresidenttaxpayeraged31,travelledtoSouth Ioreawhereheworkedcontinuouslyfor9monthsasacharitable worker by a recognised non-government organisation aid worker before holidayingthroughoutAsiaforthreemonths.
HederivedgrosswagesinSouthKoreaof$93,000,$13,000taxwas withheld.
While he was overseas, he leased out his home in Australia from which he derived a gross rental income of $25,000 and incurred rental deductionsof$29,800, as his homewas still heavilymortgaged.
Dan chose to not retain private health insurance while he was overseas. CalculateGiNun'staxableincomeforthe2021/22taxyear.
CalculatenettaxpayablebyGiNunforthe2021/22taxyear.
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