Question 7a

Tylers income for the 2023 tax year included:

Income amounts shown are gross amounts before the deduction of any tax.

Tyler is single and does not have any children. He did not receive any welfare benefits during the year.

Tyler paid income protection insurance premiums totalling $496 during the year.

Task

Calculate to the nearest cent Tylers 2023 income tax liability or refund due. Show all your workings.

WagesInterestModellingfees($6,711.25PAYEdeducted)($14.70RWTdeducted)($579.20withholdingtaxdeducted)$43,950$84$2,896