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(a) Jill is an Australian resident for tax purposes. She has assessable income of $500,000. She has deductions of $100,000 and franking credit tax offsets

(a) Jill is an Australian resident for tax purposes. She has assessable income of $500,000. She has deductions of $100,000 and franking credit tax offsets of $30,000. What is Jills tax payable for the 202021 income year?

(b) Acme Pty Ltd has determined that its assessable income for the year is $789,000 and it has deductions of $300,000. What is Acmes tax payable for the 202021 income year? Assume that Acmes turnover is in excess of $50 million.

(c) Calculate the Medicare levy payable (if any) for the year ending 30 June 2021 on the amount of $25,000 for a single Australian resident taxpayer who is not entitled to the seniors and pensioners tax offset (assume the same threshold amount and phase-in limit as for the 2019-20 income year).

(d) Linley has a HELP debt of $25,000 and a taxable income of $267,000. How much of the HELP debt would she be required to repay for the 202021 income year?

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