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Stephen lives in the country of Snowland. Calculate his taxable income given that: he...

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Accounting

Stephen lives in the country of Snowland. Calculate his taxable income given that:

  • he has $34,000 in a savings account which will earn interest at the rate of 4% per year; and
  • he earns a salary of $57,000 per year;
  • he has work related expenses of $3,000 per year that are an allowable deduction.

Your answer should be calculated to the nearest dollar ($ 0dp). Do not include a dollar sign in your answer.

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