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In addition to the crypto-activities outlined above, Lan has the following activities relating to her 2022 tax return. Gross Salary of $89,000 relating to her
In addition to the crypto-activities outlined above, Lan has the following activities relating to her 2022 tax return.
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Determine Lan's taxable income, basic tax payable and liability to both the Medicare Levy and Medicare Levy surcharge by completing the following question set.
Complete Lan's tax return using the following tax return extract
1 Salary or wages PAYER's Australian Business Number Tax Withheld $ Income C$ [input] [input] [input] 2 Allowances, earnings tips, director's fees etc Tax Withheld $ Income K$ [input] [input] 5 Australian Government allowances and payments like Newstart, Youth Allowance, JobSeeker and Austudy payments Tax Withheld $ Income A $ [input] [input] TOTAL TAX WITHHELD $[input] 10 Gross interest Tax file number amounts withheld from gross interest M$ Income L$ [input] [input] 18 Capital gains Did you have a capital gains tax event during the year? G No [input] Yes [input] Total current year capital gains H $[input] Net capital losses carried forward to later income years V $[input] Net capital gain A $[input] TAXABLE INCOME OR LOSS $[input] 1 Salary or wages PAYER's Australian Business Number Tax Withheld $ Income C$ [input] [input] [input] 2 Allowances, earnings tips, director's fees etc Tax Withheld $ Income K$ [input] [input] 5 Australian Government allowances and payments like Newstart, Youth Allowance, JobSeeker and Austudy payments Tax Withheld $ Income A $ [input] [input] TOTAL TAX WITHHELD $[input] 10 Gross interest Tax file number amounts withheld from gross interest M$ Income L$ [input] [input] 18 Capital gains Did you have a capital gains tax event during the year? G No [input] Yes [input] Total current year capital gains H $[input] Net capital losses carried forward to later income years V $[input] Net capital gain A $[input] TAXABLE INCOME OR LOSS $[input]
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