Sally Rower is a 31-year-old resident taxpayer who operates a business as a sole trader producing and selling face creams and lotions. She has elected to apply all available small business concessions.

She has provided you with the following information for the 2020/21 tax year.

Total credit sales $156,000

Interest Received from savings account 520

Loan borrowed to increase working capital 100,000

Fully franked dividend received 9,600

Total allowable deductions 79,000

Sally has an adequate private insurance, so she is exempt from Medicare surcharge liability.

Required

Calculate Sallys taxable income and net tax payable including Medicare levy and all available tax offsets (including unincorporated business income tax offset).