MEDICARE & HELP DEBT

Pablo is permanent resident of Australia.

He is single, has no dependent children and does not have private hospital cover.

He has a HELP Debt of $12,500.

His Income Statement contains the following details:
$85,200 Gross wages
$ 7,350 RFBA (from a non-exempt employer)
$ 5,200 RESC

In addition, you have determined the following details to be included on his tax return:
$ 670 Deductible work related expenses
$ 2,500 Net rental property loss

You are required to select the Medicare Levy and Medicare Levy Surcharge amounts AND the HELP debt repayment amount.

Medicare Levy & Medicare Levy Surcharge
$2,534.40

Medicare Levy & Medicare Levy Surcharge
$2,460.90

Medicare Levy & Medicare Levy Surcharge
$1,640.60

Medicare Levy & Medicare Levy Surcharge
$2,611.40

Compulsory HELP debt repayment
$4,921.80

Compulsory HELP debt repayment
$5,809.70

Compulsory HELP debt repayment
$6,795.60

Compulsory HELP debt repayment
$6,256.60

Hint: 2 Correct answer (s)