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Pls give me the process to solve the following questions about tax, medicar levy and credit, thank you:) 21 Jack earns $45,000 in salary in
Pls give me the process to solve the following questions about tax, medicar levy and credit, thank you:)
21 Jack earns $45,000 in salary in 2016/17. He also sells 1,000 shares at $200 which he bought in a public offering 5 years ago for $50 each. Jack has private health insurance What is the total tax and Medicare levy that he will pay in? A. $32,347 B. $61,297 C. $34,432 D. $64,222 E. None of the above. Charlie receives a 50% franked dividend of $4,500 through his shareholding in Pesto Pasta Inc. The franking credit to which Charlie is entitled is A. $964 B. $675 C. $6,429 D. $4,500 E. None of the above 21 Jack earns $45,000 in salary in 2016/17. He also sells 1,000 shares at $200 which he bought in a public offering 5 years ago for $50 each. Jack has private health insurance What is the total tax and Medicare levy that he will pay in? A. $32,347 B. $61,297 C. $34,432 D. $64,222 E. None of the above. Charlie receives a 50% franked dividend of $4,500 through his shareholding in Pesto Pasta Inc. The franking credit to which Charlie is entitled is A. $964 B. $675 C. $6,429 D. $4,500 E. None of the aboveStep by Step Solution
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