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(Taxable income from Australian and foreign sources) Yvette Jankic, a resident single taxpayer aged 31, worked in New Zealand from 1 July 2017 until 15

(Taxable income from Australian and foreign sources)

Yvette Jankic, a resident single taxpayer aged 31, worked in New Zealand from 1 July 2017 until 15 November 2017 and has provided the following information for the 2017/18 tax year:

Receipts

$

Interest (net of TFN tax withheld $490)

510

Interest from United Kingdom (net of withholding tax $300)

2,700

Dividend from the U.S. state of Georgia (net of withholding tax $2,100)

3,900

Gross salary Australian employment (PAYG tax $5,285 withheld)

21,000

Reportable fringe benefit as per PAYG Summary

6,252

Net salary New Zealand employment (tax withheld $2,540)

12,650

Bonus from Australian Employer for exceptional performance

2,000

Payments

$

Interest and Dividend deductions relating to United Kingdom and Georgia investments

250

Work-related deductions relating to Australian employment

300

Note Yvette does not have private health insurance.

  1. Calculate Yvettes taxable income for the 2017/18 tax year.
  2. Calculate Yvettes net tax payable or refundable for the 2017/18 tax year.

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