Roger is an Australian resident taxpayer with no private health insurance. He holds 100 shares in ABC Pty Ltd. The company paid a fully franked dividend at $7 per share on 15 May and has a corporate tax rate of 30%. Assume that during the 2023/24 income year Roger also has an annual salary of $90,000. What is Roger's net tax payable or net refund for the 2023/24 income year? You should note the following from the ATO'S website (Australian Taxation Office. 2024. Tax rates-Australian resident. https://www.ato.gov.au/tax-rates-codes/tax-rates-australian-residents ) Taxable income Tax on this income $0 - $18,200 Nil $18,201 - $45000 19c for each $1 over $18,200 $45,001 - $120,000 $5,092 plus 32.5c for each $1 over $45,000 $120,001 - $180,000 $29,467 plus 37c for each $1 over $120,000 $180,001 and over $51,667 plus 45c for each $1 over $180,000 Part 2 Please compare and contrast the way in which accounting rules and tax law take different approaches to recognizing receipts and expenses. ANSWER IN 1500 WORDS