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In the current income year, an Australian resident individual receives assessable income of $70,000 from sources in Australia and $4,500 interest from the UK (net
In the current income year, an Australian resident individual receives assessable income
of $70,000 from sources in Australia and $4,500 interest from the UK (net of 10% UK
withholding tax), and has deductions of $2,000. This individual's total tax liability in
Australia, at the end of the current income year, is:
a) $16,232
b) $16,732
c) $15,272
d) $14,772
(explain how to het the answer)
Deegan. (2016).Financial Accounting. McGraw-Hill Education, Australia
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