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Tom is a cricketer. He works for west union club and has received an annual salary. He also earns bonus for every match he plays.
Tom is a cricketer. He works for west union club and has received an annual salary. He also earns bonus for every match he plays. In 2020/21 income year, he earned salary of $65,000 and bonus of $15,000. He also won an award of $55,000 from a TV show as a best player. He got gambling win of $5,000 in addition. Medicare levy was charged. Calculate Tom's assessable income for year 2020/21? 201617 tax rate Taxpayers, who earn over $26,668/y ear, pay a Medicare Levy of 2% of their taxable income
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