Calculate the tax payable if an individual taxpayer has the following amounts of taxable income. Include Medicare Levy and Medicare Levy surcharge, where applicable. a. $17,000 Non-resident (nota working holiday maker).(2 marks) b. $95,000 Non-resident, (not a working holiday maker.(2 marks) c. $100,000 Resident, with no private health insurance.(2 marks) d. $245,000 - Resident; with private health insurance. (2 marks) Show your workings. Full marks will not be awarded if workings are not provided.

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Sourced from www.ato.gov.au

Taxable income	Tax on this income
0 - $18,200	Nil
$18,201 $45,000	19c for each $1 over $18,200
$45,001 $120,000	$5,092 plus 32.5c for each $1 over $45,000
$120,001 $180,000	$29,467 plus 37c for each $1 over $120,000
$180,001 and over	$51,667 plus 45c for each $1 over $180,000

Resident individuals income tax rates 2021-22

The above rates do not include Medicare levy

Taxable income	Tax on this income
$0 - $120,000	32.5c for each $1
$120,001 $180,000	$39,000 plus 37c for each $1 over $120,000
$180,001 and over	$61,200 plus 45c for each $1 over $180,000

Other non-resident individuals income tax rates 2021-22

Taxation of resident minors income tax rates 2021-22

Income sources	Income threshold	Tax payable (excludes Medicare levy)
	$0 - $416	Nil
	$417 - $1,307	66% of excess over $416
	$>1308	45% of entire unearned income
Income from a business, employment or deceased estate		Normal adult marginal rates

Medicare levy thresholds - 2020-21

The full Medicare levy is 2.0% of taxable income. A reduced Medicare levy applies where taxable income is below the thresholds in the table below.

The following table does not apply if the taxpayer is eligible for Senior and Pension Tax offset (SAPTO),

Single taxable income	Family taxable income	Medicare levy
$0 - $23,226	$0 - $39,167*	Nil
$23,227 - $29,032	$39,168* - $48,958**	10% of taxable income between thresholds
$29,033+	$48,0959**+	2%

*For each dependent child or student, add $3,597

**For each dependent child or student, add $4,496

Medicare levy surcharge (MLS) - 2020-21

Individuals and families on incomes above the MLS thresholds are liable to pay the MLS for any period during that they, or their dependents, did not have private patient hospital cover. If you have to pay the MLS, it is in addition to the Medicare Levy.

Single income for surcharge purposes*	Family income** for surcharge purposes*	Medicare levy surcharge rate
<$90,000	<$180,000	0%
$90,000 - $105,000	$180,000 - $210,000	1%
$105,001 - $140,000	$210,001 - $280,000	1.25%
>=$140,000	>=$280,001	1.5%

*Includes taxable income, reportable fringe benefits, total net investment losses, reportable employer super contributions, exempt foreign employment income (and certain trust income).

**If there is more than one dependent child, these thresholds are increased by $1,500 for each child after the first.