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THIS QUESTION REQUIRES AN ESSAY STYLE ANSWER During the year ended 30 June 2023 Genny, a resident taxpayer, received salary income of $80,000. She also
THIS QUESTION REQUIRES AN ESSAY STYLE ANSWER During the year ended 30 June 2023 Genny, a resident taxpayer, received salary income of $80,000. She also received a bonus from her employer in appreciation of her hard work of $10,000 She resides in Sydney and is 25 years of age. She has no dependents. One evening, she went to the Casino and got lucky and won $50,000 on the pokie machines. She also had PAYG instalments of $12,500 withheld from her salary and wages income. She has work related allowable deductions of $5,500. Required: What will her net income tax to pay or refund be (ignore Medicare levy)? All calculations must be shown as well as relevant legislation
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