Question
Isabelle wants you to calculate her personal income tax liability. She is a tax resident of Australia. During the year ended 30 June 2022 she
Isabelle wants you to calculate her personal income tax liability. She is a tax resident of Australia. During the year ended 30 June 2022 she received the following:
Gross salary and wages of $99,000 from which PAYGW tax of $17,523 was deducted.
Interest income of $678 from the Commonwealth Bank Australia
Interest of $252 from the BNZ Bank in New Zealand. This was after the New Zealand bank deducted $28 of withholding tax
Dividends of $210 from Rio Tinto.
She spent $250 on text books that were related to her employment.
She does not have any private hospital cover.
Required:
Calculate her taxable income and her tax payable for the year ended 30 June 2022.
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