A student with a HECS-HELP debt starts to repay a proportion of income once their income exceeds the income threshold. For example, if in
A student with a HECS-HELP debt starts to repay a proportion of income once their income exceeds the income threshold. For example, if in the first income bracket they would repay 1% and the next bracket 2%. This is payable on: All of their taxable income Only that income above the threshold The income above the tax-free threshold None of the above
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Option B is correct Only that income above the threshhold Other ...
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Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
