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Mabel has summarised her position... Mabel has summarised her position for the last a year as below - Income $30,000 from her part-time job -

Mabel has summarised her position...
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Mabel has summarised her position for the last a year as below - Income $30,000 from her part-time job - $200 in interest from a term deposit - Value of shares in Qantas bought for $1,000 2 years ago, now worth $2,000. She hasn't sold. - $1,000 of allowable deductions for car expenses) Given the following tax rates: Income Marginal Tax Rate 50-578.200 INI T0% Medicare Levy 24 $18,201-545,000 a) What total tax would be payable on the Interest (include levies, exclude any offsets)? b) If the allowable deductions were NOT allowed to be claimed how much would her tax change by? (include levien but exclude foota) c) If the Qantas shares were sold how much would taxable income increase by? d) Given her income a Low Income Tax Offset of $445 is available. How much does this reduce her tax bill? e) How much Medicare levy would be payable if we only include her part-time job Income? Mabel has summarised her position for the last a year as below - Income $30,000 from her part-time job - $200 in interest from a term deposit - Value of shares in Qantas bought for $1,000 2 years ago, now worth $2,000. She hasn't sold. - $1,000 of allowable deductions for car expenses) Given the following tax rates: Income Marginal Tax Rate 50-578.200 INI T0% Medicare Levy 24 $18,201-545,000 a) What total tax would be payable on the Interest (include levies, exclude any offsets)? b) If the allowable deductions were NOT allowed to be claimed how much would her tax change by? (include levien but exclude foota) c) If the Qantas shares were sold how much would taxable income increase by? d) Given her income a Low Income Tax Offset of $445 is available. How much does this reduce her tax bill? e) How much Medicare levy would be payable if we only include her part-time job Income

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