The Robinson Family Trust is a discretionary family trust with two resident beneficiaries, Tom and grace. During this income year of 2019-2020, the activities of the trust gave rise to the following:

$

Loss from rental property

(3,000)

Interest income from term deposits

2,000

Cash received from non franked dividends

9,000

A capital gain from the sale of Telstra's shares that had been held for three years

8,000

The trustee of the trust resolved to distribute 100% of the trust income to Grace.

Grace also has the following income:

Net Salary of $50,000 (PAYG withholding tax instalments of $5,000 have been deducted).

Work-related expenses of $3,000

Grace has private hospital cover.

Required:

Calculate the taxable income and tax payable or refundable for Grace for the income year. Please show all your workings.