Deepika is your client. She wants to know about some tax-related provisions and practices. She asks some questions - what are the legal provisions related to Taxable income, Medicare Levy, and Medicare Levy surcharge? Answer these questions based on legal provisions and practice. (5 marks) She needs to lodge his income tax for 2020/21. Calculate her Total Assessable Income Taxable income Tax Liability, Student loan (HECS), Medicare Levy, and Medicare Levy Surcharge if applicable, for the taxpayer with the information below: Deepika is a single and an Australian resident who plans to lodge tax for the tax year 2020-2021 Her total taxable income is $100,000 (including tax withheld) She does not have private health insurance. Deepika has a student loan HECS outstanding for her previous study at Tasmania University of $43,000. Her employer pays superannuation guarantee charge of 9.5% on top of her salary to her nominated fund. Deepika earned a passive income of $6,000 from the investments in shares in the same tax year. (Maximum - 800 words) Hint: The following website can be used to cross-check your answer, but you need to provide detailed calculations, rates and explanations with the screenshots of rates from the ATO website. https://www.paycalculator.com.au/ QUESTION 1: Income Tax Calculation Total Assessable income Weighting 1 % 19 on alculation Weighting 1% Potal Assessable income Total taxable income 1% Using correct income tax rate 1 % Medicare Levy 1 % Medicare Levy Surcharge 1 % HELP repayment amount with using current threshold and rate 1 % Total Tax Liability 2% 2% Net Tax Liability (Total Tax Liability less any applicable tax offset it any) QUESTION 1 TOTAL MARKS: 10 %