Problem
Johnathan is a resident and during the 2020 tax year he derived $62,000 in salary from which $13,000 in PAYG withholding was deducted. He also received $1,100 in bank interest and he also received a fully franked dividend of $700 that had $300 in franking credits attached. Johnathan incurred $2,100 in various work related expenses for which he has kept the required documentation and which are all fully deductible. What is Johnathan's taxable income and will be receive a tax refund or have a balance of tax to pay?