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Income thresholds Rate Tax payable on this income $0 - $18,200 0% NII $18,201 - $37,000 19% 19c for each $1 over $18,200 $37,001 -
Income thresholds Rate Tax payable on this income $0 - $18,200 0% NII $18,201 - $37,000 19% 19c for each $1 over $18,200 $37,001 - $90,000 32.5% $3,572 plus 32.5% of amounts over $37,000 $90,001 - $180,000 37% $20,797 plus 37% of amounts over $90,000 $180,001 and over 45% $54,096 plus 45% of amounts over $180,000 Use the 2019-2020 tax rates table above to answer the following questions. Use a calculator, but show your working. 3. Suri earns $1390 per fortnight. Her taxable deductions for the year come to $280, and she has been paying weekly PAYG tax instalments of $75.20 (a) What is Suri's taxable income? (b) How much will Suri pay for the Medicare levy? (c) What is the total amount of tax that Suri should pay (don't forget to include the Medicare levy)? (d) Does Suri owe money to the Tax Office or will she get a refund? How much
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