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After completion of your course, you start working at an accounting and tax office. Juliana is your first client. She requires to lodge her
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.
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