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Yvette Jankic, a resident single taxpayer aged 31, worked in New Zealand from 1 July 2017 until 15 November 2017 and has provided the following

Yvette Jankic, a resident single taxpayer aged 31, worked in New Zealand from 1 July 2017 until 15 November 2017 and has provided the following information for the 2017/18 tax year:

Receipts
$
Interest (net of TFN tax withheld $490)
510
Interest from United Kingdom (net of withholding tax $300)
2,700
Dividend from the U.S. state of Georgia (net of withholding tax $2,100)
3,900
Gross salary – Australian employment (PAYG tax $5,285 withheld)
21,000
Reportable fringe benefit as per PAYG Summary
6,252
Net salary – New Zealand employment (tax withheld $2,540)
12,650
Bonus from Australian Employer for exceptional performance
2,000
Payments
$
Interest and Dividend deductions relating to United Kingdom and Georgia investments
250
Work-related deductions relating to Australian employment
300

Note – Yvette does not have private health insurance.

Required:

  1. Calculate Yvette’s taxable income for the 2017/18 tax year.
  2. Calculate Yvette’s net tax payable or refundable for the 2017/18 tax year.

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