Compute the Helen taxable income for the current tax year

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Question - Helen Anderson is an office manager and has asked you to prepare her income tax return for the current tax year. Helen is single and has the appropriate private hospital cover. She has advised you of the following income items:

Net wages of $43,000

PAYG withheld from her salary is $12,000

Interest income of $300

Fully franked dividends receipt of $1,000

Business income from a hobby making bed necklaces of $500

Required - Compute the Helen's taxable income for the current tax year?

A. $56,729

B. $56,300

C. None of these

D. $55,300

E. $44,300

Reference no: EM132621778

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