Question
A. Meng contributes to the maintenance of her invalid brother, Bo, who lives with her. Bo receives a disability support pension. What is Meng's allowable
A.
Meng contributes to the maintenance of her invalid brother, Bo, who lives with her. Bo receives a disability support pension. What is Meng's allowable rebate for the current tax year under the following scenarios?
i) Bo has no adjusted taxable income and Meng has adjusted taxable income of $80.000;
ii) Bo has adjusted taxable income of $1,500 and Meng has adjusted taxable income of $80,000:
iii) Bo has adjusted taxable income of $2,000 and Meng has adjusted taxable income of $143,000.
6 marks
B. Boleh is a forty six year old Australian resident for tax purposes. He is single with no dependants and resides permanently in Brisbane.
$
Gross Salary 23,000
Other information in the Payment Summary for year ended 30 June 2020 include Reportable Fringe Benefits of $25,300 and Reportable Employer Superannuation Contributions of $3,800.
In addition, Boleh received a fully franked dividend from an ASX listed (Non- Small Business Taxpayer) Company of $2,750. His rental property generated gross rental income of $12,000 before deducting allowable expenses of $13,600. Boleh had no private hospital cover during the year and at 30 June 2020 had an accumulated HELP (HECS) debt of $6,321. Boleh had no other income or allowable deductions for the year.
Required
Calculate the net tax payable/refundable by Boleh with respect to the year ended 30 June 2020. 7 marks
Total 13 marks
*Australia country
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