PR$4.$

Paul Hogan, aged $48,$ an Australian resident for taxation purposes.

derived the following income for the $2022/2023$ income tax year

Wages $($net of $$15,300$ PAYG tax withheld$)$

$39200$

Interest $-$ Canada $($net of $$1,300$ tax withheld$)$

$5200$

All amounts are in Australian currency.

Paul has no deductions during the year and was covered by

adequate private health insurance

$$

Required:

Calculate taxable income for year ended $30$ June $2023$

Calculate tax payable or refundable for year ended $30$ June $2023$