11. By travelling to Australia and living here for more than 6 months a person will automatically have a domicile of Australia.

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Question 12

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Bill was born in Australia and resided in Australia all his life. For a period of seven weeks in the year of income he was present in Hong Kong on business for his employers. His wife and children remained in Australia where he maintained a home. Bill can claim that during the period of seven weeks he was a resident of Hong Kong?

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Allan Rich, an Australian citizen, has been living in Singapore for the past three years. Allan owns an apartment in Singapore, has no family ties in Australia and does not intend to return to Australia in the near future. Allan a resident of Australia for tax purposes?

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Membership fees given to a tennis club from its members are subsequently refunded. The refunded fees given back to the members are assessable income of the members.

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Prize in a literary competition won by an editor of a newspaper constitutes assessable income?

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Johnson is a cricketer. He works for west union club and has received an annual salary. He also earns bonus for every match he plays. In 2015/16 income year, he earned salary of $50,000 and bonus of $10,000. He also won an award of $50,000 from a TV show as a best player. He got gambling win of $2,000 in addition. Medicare levy was charged. Calculate Johnsons assessable income for year 2015/16?

201617 tax rate

Taxable income	Tax on this income
0 $18,200	Nil
$18,201 $37,000	19c for each $1 over $18,200
$37,001 $80,000	$3,572 plus 32.5c for each $1 over $37,000
$80,001 $180,000	$17,547 plus 37c for each $1 over $80,000
$180,001 and over	$54,547 plus 45c for each $1 over $180,000

Taxpayers, who earn over $26,668/year, pay a Medicare Levy of 2% of their taxable income.

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Calculate the Income Tax and Medicare levy payable for the year ending 30 June 2017 on the following amounts for a single Australian resident taxpayer whos taxable income is $100,000. Please ignore Medicare levy surcharge. (2 marks)

Taxpayers, who earn over $26,668/year, pay a Medicare Levy of 2% of their taxable income.

Taxable income	Tax on this income
0 $18,200	Nil
$18,201 $37,000	19c for each $1 over $18,200
$37,001 $80,000	$3,572 plus 32.5c for each $1 over $37,000
$80,001 $180,000	$17,547 plus 37c for each $1 over $80,000
$180,001 and over	$54,547 plus 45c for each $1 over $180,000