Question: 13

13 <. Milly (aged 21 years) is an Australian resident for tax purposes. Milly does not have a spouse otany dependents and she does not have private health insurance. information relevant toMilly's income tax payable or refundable for the 2023 tax year is: TaxablevIncome (already calculated): $45.000 .Included in taxable income was a 30% partly franked dividend of $2.000 Reportable fringe beneht:$23.300 Reportable superannuation contribution: $17,000 .Net investment loss of rental property:$15,000 . Milly's employer paid $5,980 pay as you go withholding tax to the ATO. Required: Determine Milly's income tax payable or refundable for the year ended 30 June 2023. Shoyall calculations and reference relevant sections of the lTAAs, relevant case law or rulings frorrthe Australian Taxation Offce

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