Several big sports teams use 29-year-old consulting physiotherapist Bonita de Fabio. Consulting earned her $125,975 in 2020-2021. Bonita pays $148 to the Physiotherapy Board of Australia, $50 for a Certificate of Registration Status, $765 for professional indemnity insurance, and $1,850 for mandatory CPD and first-aid training to earn this income. Bonita drives a $17,000 automobile she owns to her client meetings at various athletic clubs, which costs $4,375 per year. Registration, CTP, and property insurance are included. Bonita doesn't insure the car since she thinks it's too old. Bonita estimates she travels 2,850 km each year between the athletic facilities where she serves her customers. Bonita has a $23.5-year mortgage on her $695,000 two-bedroom condo. Her $34,120 yearly mortgage payments will change to a variable rate in six months. She owns $115,000. Her other assets include $18,750 in a transaction account at her bank, which earned $14.25 in interest for the 2021-2022 financial year; $15,000 in a term deposit earning 0.85% per year; and $66,150 in Spaceship Super, a high-growth, no-insurance superannuation product, to which she contributes $7,650 per year. Bonita does not get life, TPD, or other insurance. Given her superb health and understanding of the fitness and treatment sectors, Bonita has put off considering this sort of insurance, thinking it is more suited to older people. Bonita's other major expenses include electricity ($3,250 p.a., with 10% related to her working from home for business purposes), strata fees ($5,950 p.a.) on her apartment, which provides her with home building cover (her sole form of property and property-related cover), council rates ($1,800), water ($950), groceries and household products ($16,900), sports club uniforms ($1,090) that she wears in her role as a consultant physiotherapist to each club, no Bonita uses her debit card to make payments so that she may utilise her $12,000 credit card limit for emergencies, therefore she only has a $295 charge on it.

Looking ahead Bonita expects to charge 7.5 percent more in 2022-2023 than in 2021-2022. Assume her health insurance, council rates, energy, and water bills rise by 5.5 percent next year and all other costs by 7.5 percent. Her deposit interest, etc., will stay unaltered. Bonita will get $60,000 from her grandfather's inheritance in a week, on July 7, 2023. Bonita wants to develop her nonsuperannuation assets tax-efficiently since she's young and can handle risk. She prefers not to manage these assets. She's considering putting all her money in a friend's new health food delivery business. Since she and her pals work in health, she believes the firm will succeed. Notes: You may assume that Bonita meets requirements to be classified as self-employed, and that her personal superannuation contributions meet requirements to be defined as allowable deductions for the purposes of calculating taxable income. This means that you will also need to consider whether these contributions need to be added back to determine surcharge income (if applicable). b. You may assume that Bonitas private health insurance has the level of hospital cover required to allow her to receive the private health insurance rebate. c. As her net taxable income in 2021-2022 will exceed $66,667 (when you calculate it) Bonitas low income tax offset would be $0. You will need to determine how much, if anything, she would have received for the low and middle income tax offset in 2021- 2022.

Required

Determine Bonitas net taxes and levies for the 2021-2022 financial year