Kate, a non-resident, earned salary and wages of $45 000 (PAYG deductions of tax withheld of $17 000) while working in Australia and $23 000 in salary and wages while working overseas. She purchased a block of land in Australia in August 2012 for $75 000 and sold it for $95 000 in July 2013. Kate has no dependants and had no other capital gains or losses. Kate has private health insurance. Kate's net tax to pay or refund due when her assessment issues will be:

 

1. $4125.00 tax payable.

 

2. $21 125 tax payable.

 

3. $3378.00 tax refund.

 

4. $5100 tax payable.

 

5. $13 647.00 tax payable.

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