Which of the following is correct? O a. You bought a television for $19,999 and sold it for $9,000. The capital loss is $10,999 O b. You bought a piano for $10,500 and sold it for $11,000. The capital gain is $500. O c. You bought a guitar for $10,000 and sold it for $8,000. The capital loss is $2,000. O d. You bought a collectable priced at $501 and sold it for $601. You pay tax on the capital gain of $100. bf Jack is a single Australian tax resident living in Wollongong. He has no ... Jack is a single Australian tax resident living in Wollongong. He has no dependents and no private health insurance. He earned $95,000 in the 2020- 21 financial year from his employment as an auditor based in Sydney. During the current tax year, he spent $2,400 on train tickets travelling from Wollongong to Sydney for work every weekday. He also incurred deductible work-related expense of $5,800. He received $12,000 rental income on his rental property in Canberra, the maintenance costs of which are $3,600 per annum. In the current tax period, he also incurred $19,200 deductible interest charge on the rental property. In March 2021, Jack paid $4,250 to attend a fashion design course as he was planning to begin a new career in fashion. His employer has withheld $18,000 in PAYG withholding. His taxable income is: O a. $71,750 O b. $78,400 O c. $76,000 O d. $74,150