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Dyson is a resident taxpayer aged 16. Dyson is currently engaged in full-time study at high school. During the 2018/19 tax year, Dyson received the

Dyson is a resident taxpayer aged 16. Dyson is currently engaged in full-time study at high school. During the 2018/19 tax year, Dyson received the following amounts: Gross Wages from part-time employment at McDonald......................................$6,400 Interest from term deposit given to Dyson by his parents......................................850 Interest from bank account comprising savings from part-time wages...................25 Income distribution from deceased estate..............................................................3,700 Income distribution from family trust...................................................................10,000 Business income from mowing lawns from residents..........................................2,840

Required: a. Calculate Dysons accepted assessable income for the 2018/19 tax year. At what rate is excepted assessable income taxed?

b. Calculate Dysons eligible assessable income for the 2018/19 tax year. At what rate is eligible assessable income taxed?

c. Is the calculation of a minors Medicare Levy affected by their eligible and excepted income?

d. Is the calculation of a minors low-income tax offset affected by their eligible and excepted income?

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