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Ryan is a single 2 6 - year - old resident with no dependants. During the 2 0 2 2 / 2 3 income year,

Ryan is a single 26-year-old resident with no dependants. During the 2022/23 income year, Ryan earned $88,000 in salary, from which his employer withheld tax of $22,256 under the PAYG Withholding system. Ryan has a reportable fringe benefits total of $4,717 for the year.
Ryans bank statement shows he earned $230 interest during the year.
Ryan has a rental property that he purchased with his sister, financing his half share of the propertys purchase price with a bank loan. The rent from the property for the year totalled $26,240, and deductible expenditure totalled $6,890. Ryans interest costs on his bank loan amounted to $15,860 for the year.
Ryan received a fully franked dividend of $375 during the year, which had $160.71 of franking credits allocated to it (franking credit amount). Ryan knows from past experience that the correct treatment of franked dividends is to include both the cash amount of the dividend and the franking credit amount in his assessable income. Ryan will then be entitled to a franking credit tax offset equal to the franking credit amount.
Ryan sold some shares during the year and made a net capital gain of $2,324.
During the year, Ryan incurred $800 of deductible work-related expenses, and he paid $360 to a registered tax agent for preparation of his 2021/22 income tax return.
Ryan won $1,400 from a LotteryWest Lotto slikpik entry during the year. He also made a $150 tax deductible donation to a registered charity.
CALCULATE RYANS TAXABLE INCOME FOR THE YEAR 2022/23

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