Shaun Mender is a resident taxpayer engaged as a professional basketball player for the SouthEastern Frill Necks. He is covered by adequate private health insurance.

During the $2023/24$ income year, Shaun had the following transactions:

$$ Shaun commenced the year on a contract for an annual salary of $$120,000.$

$$ On $31$ December $2023,$ the coach of the team was sacked following $15$ successive losses.

Shaun was offered, accepted, an additional $$50,000$ to coach the team for the remainder of

the season as well as continue playing.

$$ Shaun$$s $2024$ Income Statement disclosed the following:

$$ Gross Salary $$170,000$

$$ PAYG tax withheld $$65,800$

$$ Shaun incurred the following deductions during the year:

$$ Deductions for equipment costs incurred as a player $-$ $$6,000.$

$$ Deductions for seminars, travel and home study incurred as a coach $-$ $$11,000.$

Shaun$$s average taxable professional income from previous years is $$80,000.$