Tim Rodgers, aged 64, is a resident and is married with children. Tim derived $85,000 in salary and received $5,300 in fully franked dividends during 2019-20 tax year. His deductions, which all relate to earning his salary, totalled $4,330. Tim's wife, Claire, who does not work and is in receipt of a disability support pension, had an adjusted taxable income of $7,200 (including the pension) for the 2019/20 tax year and was not entitled to, nor claimed, any family tax benefits. Tim has adequate private hospital health insurance cover. The tax paid during the 2019/20 tax year on Tim's salary totalled $19,172.
Based on this information, calculate Tim Rodger's taxable income and tax payable/refund for the tax year ended 30 June 2020

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The Answer of Tim Rodgers, aged 64, is a resident and is married with children. Tim derived $85,000 in salary and received $5,300 in fully franked dividends during 2019-20 tax year. His deductions, which all relate to earning his salary, totalled $4,330. Tim's wife, Claire, who does not work and is in receipt of a disability support pension, had an adjusted taxable income of $7,200 (including the pension) for the 2019/20 tax year and was not entitled to, nor claimed, any family tax benefits. Tim has adequate private hospital health insurance cover. The tax paid during the 2019/20 tax year on Tim's salary totalled $19,172.
Based on this information, calculate Tim Rodger's taxable income and tax payable/refund for the tax year ended 30 June 2020

Tim Rodgers, Aged 64, Is a Resident and Is Married