Question
Kritika Singh is an Australian resident individual taxpayer. Kritika does not have a spouse (i.e. married or de facto) and has no dependent children. During
Kritika Singh is an Australian resident individual taxpayer. Kritika does not have a spouse (i.e. married or de facto) and has no dependent children.
During the 2020/2021 tax year, Kritika derived an assessable income of $33,000.
Kritika did not have any deductions, was ineligible for the seniors and pensioners tax offset (SAPTO) and was also ineligible for any Medicare levy exemption.
Please answer the following questions:
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On which figure is Kritikas Medicare levy calculated?
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For how much Medicare levy is Kritika liable?
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How much Medicare levy would apply if Kritika was a non-resident for tax purposes?
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If Kritika had $8,000 of deductions, for how much Medicare levy would Kritika be liable?
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If Kritika had $20,000 of deductions, for how much Medicare levy would Kritika be liable?
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