Zara Smartman, originally an IT graduate who has completed the MBA program of the University of Sydney by 30 June 2016. She is married on 20 December 2016 with a Pharmacist who also graduated from the University of Sydney. Zara is now a team leader with American Express in Sydney. His gross salary is $225,000 with a withholding tax $75,000. During the year ending 30 June 2020 her interstate travel including Air ticket, other transport, food and accommodation totaled $20,000. Zara believes in elegance and aspires high living. She has spent $10,000 during the year to 30 June 2020 on dresses, jewelry and personal fitness. Zara has attended [with her husband John Smartman] an International IT Conference between 10 13 January 2020 in the Silicon Valley, and incurred the following outgoings Conference Fees $5,000, Air ticket $4,000, Food and Accommodation $1,500. Zara is lucky in that she has won the first prize, a Rolex watch worth 35,000, in the conference lucky draw. Mr and Mrs Smartman has also opened a home-based business [Pharmacy Hero] on 1 January 2017 to develop and market a comprehensive computer software for the pharmacy industry in Australia. The income and outgoing history of Pharmacy Hero shows (i) for the 30 June 2017 income is nil and total revenue outgoings is $500, (ii) for the year ending 30 June 2018 - income is $2,000 and total revenue outgoings is $15,000, (iii) for the year ending 30 June 2019 income is $16,000 and total revenue outgoings is $26,000, and (iv) for the year ending 30 June 2020 income is $80,000 and total revenue outgoings is $40,000. They registered the business name together on 1 January 2017 and registered for Australian business number from 1 July 2018, and started formal business promotion from that date. They have acquired a car for $25,000 on 10 June 2020 for use in Pharmacy Hero. The accountant, June Supermart has billed them for the following services during the year ending 30 June 2020 (i) preparation and lodgment of personal tax return year ending 30 June 2019 [Zara Smartman $2,750], (ii) preparation and lodgment of tax return year ending 30 June 2019, [Pharmacy Hero $1 100], and (iii) accounting and other business services [Pharmacy Hero $3,300] You are required to (i) advise how the above incomes of Mrs Zara Smatman are assessable in Australia, and how and to what extent the above outgoings are allowable for income tax purposes; and (ii) compute Zaras income tax liability for the year ending 30 June 2020 from the facts and information listed above.