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Jacqueline is an Australian resident for income tax purposes. She has taxable income of $77,000. She has been provided witha receipt for an expense in
Jacqueline is an Australian resident for income tax purposes. She has taxable income of $77,000. She has been provided witha receipt for an expense in the amount of $1,000. This expense will constitute a deduction. How much tax will Jacqueline save for the 2018-19 income year as a result of the deduction? Following on from 3.8, Jacqueline has a HELP debt of $25,000 How much of the HELP debt would she be required to repay for the 2018-19 income year? 3.8 3.9
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