Roger is an unmarried Australian resident entrepreneur with a number of different sources of income. He is concerned how much tax he may have to pay and has come to you to calculate how much you estimate he will have to pay this year. He presents you with the following information:

Salary from working part time at the Sydney Apple store $20,000

Rent from an investment property he purchased last year $35,000

Profit on the sale of BHP shares of $4,000

Tax agents fees of $2,200

Rates and expenses on his investment property $12,000

Roger had private health insurance for the complete year and received the tax offset in the form of reduced premiums

Required:

Calculate Rogers taxable income and tax payable including Medicare levy for the year ended 30 June 2019. Ignore PAYG. State any assumptions that you make. Where possible questions should be answered with reference to legislation, case law and/or principles of tax law