Zorro retired from his employment on 3/6/2022 aged 59 years (above preservation age). Details obtained from his Payment Summaries showed:

$

Gross salary 46,000

Annual leave on termination 5,350

LSL - pre 16/8/1978 62,500

LSL - 16/8/78 - 17/8/1993 82,500

LSL - 18/8/93 - 3/6/2022 12,840

PAYG deducted from salary and leave 40,000

Other Assessable Income 400

Deductible expenses 950

Zorro also received a lump sum superannuation benefit comprising:

$

Taxable Component (Taxed element) 215,600

Tax-free Component 17,475

Gross amount of Cash Payment 233,075

Tax amount deducted 2,000

Note: Zorro is single and had no private hospital cover for the year and was not entitled to any dependent or concessional rebates.

calculate Zorro's taxable income for year ending 30/6/2022 and Tax payable/refund for year ending 30/6/2022