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Damian is a married to Lisa. They have 3 dependent children, aged 6, 8 and 10. The children are full time students and have no
Damian is a married to Lisa. They have 3 dependent children, aged 6, 8 and 10. The children are full time students and have no income. Damian is not entitled to SAPTO. Damian's and Lisa's income details for the 2021 year are as follows:
Damian
$46,978 Taxable Income
$29,999 RFBA (exempt employer)
$ 2,600 RESC
$ 5,666 HELP Debt
Lisa
$15,200 Taxable Income
$29,999 RFBA (exempt employer)
$0 RESC
What will Damien's compulsory HELP Debt Repayment be for the 2021 year and why?
Damian
$46,978 Taxable Income
$29,999 RFBA (exempt employer)
$ 2,600 RESC
$ 5,666 HELP Debt
Lisa
$15,200 Taxable Income
$29,999 RFBA (exempt employer)
$0 RESC
What will Damien's compulsory HELP Debt Repayment be for the 2021 year and why?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
