Ted Mansfield, aged 55, is married with children. Ted derived $92,000 in salary and received $3,820 in fully franked dividends. His deductions, which all relate to earning his salary, totalled $5,780. Ted’s wife Shiree, aged 47, was unable to work during the 2012/13 tax year due to full-time childcare. Ted has adequate private hospital health insurance cover. Tax withheld during the 2012/13 tax year on Ted’s salary totalled $29,985.02. Assume that there is no entitlement to or claim for any family tax benefits during 2012/13 tax year. On the basis of this information, calculate Ted’s taxable income and tax refund for the 2012/13 tax year.
