This case applies to the next few questions

Jane is an Australian resident for tax purpose. She works at a global financial service firm as an investment analyst. During the 2020-2021 financial year. Jane has:

• received $64235 of salary as an analyst
• received $25189 of rent from an investment property
• received $3357 in lottery winnings
• sold some of her listed shares for $30,000, she bought the shares 7 months ago for investment purposes at $20,000
• received a $385 gift voucher on her birthday from her family
• received $7000 fully franked dividend from her shares investment
• spent $28293 on interest expense toward her investment property mortgage
• spent $1187 on the CFA examination as the designation is required by her employer
• spent $1102 on suits for work
• spend $2654 on gym and sports club membership fee for her personal interest
• * Use the relevant tax tables applicable to the relevant year in the case

Please calculate Janes Taxable Income?

Select one:

a.

$70,842

b.

$79,944

c.

$71,227

d.

$74,584

e.

None of the above