alex robinson is an australian resident for tax purpose he works 2 day week as a financial analy

First, we need to calculate Alex's total income. He received $30,000 in salary and $25,000 in re

Question

Alex Robinson is an Australian resident for tax purposes. He works a 2-day week as a financial analyst at a large global financial service firm while he is completing his Master in Finance program full-time. During the last financial year, he received $30,000 of salary as a financial analyst and received $25,000 of rent from an investment property that he rented out since 2017. He spent $1,000 at a restaurant entertaining his colleagues, sold shares that he paid $20,000 for two months ago for proceeds of $25,000, spent $2,000 to repair the investment property that he owns, spent $20,000 on interest expenses on this investment property, and spent $1,000 on medical expenses. His Taxable Income is: Select one: $35,500 $40,000 $38,000 $32,500 None of these values.

          Alex Robinson is an Australian resident for tax purposes. He works a 2-day week as a financial analyst at a large global financial service firm while he is completing his Master in Finance program full-time. During the last financial year, he received $30,000 of salary as a financial analyst and received $25,000 of rent from an investment property that he rented out since 2017. He spent $1,000 at a restaurant entertaining his colleagues, sold shares that he paid $20,000 for two months ago for proceeds of $25,000, spent $2,000 to repair the investment property that he owns, spent $20,000 on interest expenses on this investment property, and spent $1,000 on medical expenses.

His Taxable Income is:
Select one: $35,500
$40,000
$38,000
$32,500
None of these values.

Added by Robert D.

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