Question: Calculate Shaun's taxable professional income for the 2022/23 year. Shaun's taxable professional income is calculated by adding his salary and coaching income, then subtracting any

Calculate Shaun's taxable professional income for the 2022/23 year. Shaun's taxable professional income is calculated by adding his salary and coaching income, then subtracting any relevant deductions.

Salary: $120,000

Coaching income: $50,000

Total income: $170,000

Deductions: Equipment costs: $6,000

Coaching costs: $11,000

Total deductions: $17,000

Taxable professional income = Total income - Total deductions

Taxable professional income = $170,000 - $17,000

Taxable professional income = $153,000

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