(15 MARKS) After completion of your course, you start working at an accounting and tax office. Juliana is your first client. She requires to lodge her income tax for 2021/22. She gave her annual income and deduction below. Calculate her Total Assessable Income, Taxable Income, Tax Liability, Medicare Levy and Medicare Levy Surcharge, if applicable, for the taxpayer (Juliana) with the information below: - Juliana is a resident taxpayer of Australia for the tax year 2021-2022. - Her Taxable Salary earned is $105,000 (Including tax withheld), having no private health insurance. - She had a $7,000 deduction. - Juliana has a student loan outstanding for her previous study at Sydney University $41,000. - Juliana's employer pays superannuation guarantee charge of 10% on top of her salary to her nominated fund. - Juliana earned a passive income of $11,000 from the investments in shares in the same tax year. Hint: The following website can be used to cross-check your answers, but you need to provide detailed calculations, rates and explanations with screenshots of rates from the ATO website. https://www.paycalculator.com.au/ Submission guide: Strictly NO excel sheet(s) or screenshots of excel calculations, and/or tables are allowed. Kindly use word document tables for your answers and please avoid writing the calculations in narration format. QUESTION 2: Income Tax Calculation and explanation Total Assessable Income \begin{tabular}{|l|c|c|} \hline Deduction & 1 mark \\ \hline Total Taxable Income & 1 mark \\ \hline Tax Rates (formula) & 1.5 Marks \\ \hline HELP repayment amount & 1.5 marks \\ \hline Medicare Levy & 1.5 marks \\ \hline Medicare Levy Surcharge & 3 mark \\ \hline Total Tax Liability & 3 marks \\ \hline Net Tax Liability (Total Tax Liability less any applicable tax offset if any) \\ \hline Total marks & 15 Marks \\ \hline \end{tabular} HI6028 Taxation Theory, Practice and Law Individual Assignment T3.2022