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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 yearold resident with no dependants. During the income year, Ryan earned $ in salary, from which his employer withheld tax of $ under the PAYG Withholding system. Ryan has a reportable fringe benefits total of $ for the year.
Ryans bank statement shows he earned $ 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 $ and deductible expenditure totalled $ Ryans interest costs on his bank loan amounted to $ for the year.
Ryan received a fully franked dividend of $ during the year, which had $ 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 $
During the year, Ryan incurred $ of deductible workrelated expenses, and he paid $ to a registered tax agent for preparation of his income tax return.
Ryan won $ from a LotteryWest Lotto slikpik entry during the year. He also made a $ tax deductible donation to a registered charity.
CALCULATE RYANS TAXABLE INCOME FOR THE YEAR
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