Law

John, a resident taxpayer, has a dependant spouse, Helena, who works part-time. Helena earns $5,900 in salary and wage income. She receives $70 in fully franked dividends from Telstra Ltd with $30 imputation credits attached and also receives $1,400 in carer allowance for the care of their disabled 18 year old son. Helena paid $400 in costs travelling to and from work and paid $750 to a childcare centre to look after their younger son, who is 4 years old, son so that she could go to work. She also sold 200 Telstra shares and derived a capital loss of $300.

What is Helena’s adjusted taxable income for offsets for the current year?