Question 1 (25 marks):Dan Brown, aged 35, is a single father with a 2 year old son – Ryan – of whom he has shared care. Ryan had $100 assessable income for the current tax year.Dan is an eligible beneficiary of the Fibonacci Family Discretionary Trust. The trustees decided to distribute a cash amount of $15,000 to Dan for the current tax year.Dan also receives $5,000 fully franked dividends. Dan has a $36,000 HELP debt.Dan received $98,000 (gross income) from employment at ABC Pty Ltd for the period 1 July 2015 to 30 June 2016. The correct amount of PAYG has been withheld. Dan did not receive a Parenting Payment from Centrelink.Dan reports interest income of $675. Dan advises of investment expenses of $300.Dan receives rental income of $20,800 from an investment property. The associated expenses are:• Mortgage repayments: $15,000• Repairs: $2,000• Rates: $2,000• Insurance: $200Dan sold a parcel of 100 Telstra shares on 1 January 2015 for $1,500. He had purchased these shares on 1 January 2005 for $500. His brokerage costs of buying and selling were $100 in total.Dan made donations (for which he presents tax invoices and receipts) to the value of $500.Dan does wear a uniform to work.Dan salary sacrificed $2,000 to Superannuation.Dan pays premiums on an income protection insurance policy equivalent to $900 per year.Dan does not have Private Health Insurance.Required:Task # Task Description Marks1 Calculate the net tax payable/ refund situation for Dan for the current tax year (include references, calculations & assumptions) 102 Complete the current year Income Tax Return for Dan 103 Prepare a letter of advice to Dan explaining his current year Income Tax Result. 5Question 2 (15 marks):Scarlet Robin Pty Ltd is a resident commercial cleaning company registered with the following information:TFN: 564 879 231ABN: 76 124 965 308 ACN: 89 556 234 557The following is the financial information for the year ended 30 June 2016. GST (where it is applicable) has not been removed from the following amounts.Depreciation (for tax purposes) was reported to be $5,500 for the current year.