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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
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 Tax Payable Excluding Medicare Levy and tax offsets ?
Select one:
a.
$14,695
b.
$17,695
c.
$13,615
d.
$12,369
e.
None of the above
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