Question
She needs to lodge her income tax for 2020/21. Calculate her Total Assessable Income, Taxable Income, Tax Liability, Student loan (HECS), Medicare Levy, and Medicare
She needs to lodge her income tax for 2020/21. Calculate her Total Assessable Income, Taxable Income, Tax Liability, Student loan (HECS), Medicare Levy, and Medicare Levy Surcharge if applicable, for the taxpayer with the information below: Jannie is a single and an Australian resident who plans to lodge tax for the tax year 2020 -2021 Her total taxable income is $100,000 (Including tax withheld) She does not have private health insurance. Jannie has a student loan HECS outstanding for her previous study at Tasmania University of $43,000. Her employer pays superannuation guarantee charge of 9.5% on top of her salary to her nominated fund. Jannie earned a passive income of $6,000 from the investments in shares in the same tax year
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