Question
Leonne is your first client. She wants to know about some tax-related provisions and practices. She asks some questions - what are the legal provisions
Leonne is your first client. She wants to know about some tax-related provisions and practices. She asks some questions - what are the legal provisions related to Medicare Levy and Medicare Levy Surcharge? Answer these questions based on legal provisions and practice. (5 marks) She needs to lodge his income tax for 2021/22. Calculate her Total Assessable Income, Taxable Income, Tax Liability, Student loan (HECS), Medicare Levy, and Medicare Levy Surcharge if applicable, for the taxpayer with the information below: (Maximum 800 words) Leonne is a single Australian resident taxpayer, who plans to lodge tax for the tax year 2021 -2022. Her total taxable income is $104,000 (Including tax withheld). She has a $ 4,000 deduction. She does not have private health insurance. Leonne has a student loan HECS outstanding for her previous study at Griffith University of $37,000. Her employer pays a superannuation guarantee charge of 10% on top of her salary to her nominated fund. Leonne earned a passive income of $7,000 from the investments in shares in the same tax year
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