A taxpayer has the following sources of income in the financial year 2022 Salary $70,000 Rental income $12,000 Interest income $2,000 Capital gains $5,000 The taxpayer has also made deductible contributions of $8,000 to their superannuation fund Calculate the taxpayer 's taxable income, tax payable...

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A taxpayer has the following sources of income in the financial year 2022: Salary: $70,000 Rental income:

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Question:

A taxpayer has the following sources of income in the financial year 2022:

Salary: $70,000
Rental income: $12,000
Interest income: $2,000
Capital gains: $5,000

The taxpayer has also made deductible contributions of $8,000 to their superannuation fund. Calculate the taxpayer's taxable income, tax payable, and after-tax income for the financial year 2022. Assume that the taxpayer is not eligible for any tax offsets or deductions other than the superannuation contribution.