assessable income as $$552,757\mathrm{.}27.$Taking that

amount as the starting point, you $($or your team$)$must deal with the following

additional information $($which is relevant for the year ending $30$June $2024$unless

otherwise stated$)$to determine Michelle$$s taxable income and tax payable including

Medicare levy for the year ending $30$June $2024.$

$1.$During the year Michelle withdrew $$3,000$per fortnight from the store$$s bank

account for her living expenses such as food, clothing, utility bills, rent and the

like.

$2.$Salaries of $$150,000$were paid to Michelle$$s employees for the year. Even

though Michelle is actively involved in her own business, she is mainly

concerned with business development and promotion. Consequently, she

needs employees to perform various essential day to day tasks including

stocking shelves, serving custome