Question
aJack, who is single, has a taxable income of $25,000 for 2018-19. He is not eligible for either the seniors and pensioners tax offset or
aJack, who is single, has a taxable income of $25,000 for 2018-19. He is not eligible for either the seniors and pensioners tax offset or Medicare exemption. How much Medicare levy should Jack pay?
bMark has a taxable income of $60,000 and his wife, Mary has a taxable income of $20,000 for 2018-19. Both of them are not eligible for either the seniors and pensioner tax offset or Medicare levy exemption. They have 4 dependent children. How much Medicare levy should Mark and Mary pay respectively?
cIn 2018-19, John, an Australian resident for tax purpose, has a salary of $91,000, reportable fringe benefit of $5,000 and net rental property losses of $2,000. John is single and does not have an appropriate level of private patient hospital cover. How much Medicare levy and Medicare levy surcharge should John pay?
dGary, a tax resident, has a taxable income in 2018-19 of $120,000. How much tax will he need to pay (ignoring any offsets, levies and surcharges)?
eAlex, a tax resident, has a taxable income in 2018-19 of $60,000. How much low and middle income tax offset will he be entitled to?
fPeter, a tax resident, has a taxable income in 2018-19 of $52,000. How much low income tax offset will he be entitled to?
gSusan, a tax resident, has a taxable income in 2018-19 of $100,000. How much low and middle income tax offset and low income tax offset will she be entitled to?
hPaul is a foreign resident in 2018-19. He had $20,000 from investments in Japan and $10,000 from performing a contract in Australia. How much tax will Paul need to pay? How much Medicare levy would be added to his tax liability?
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