Question
Using the 2021-2022 tax tables as referenced in the course, calculate Lisa's (age 25 and single) tax payable to the nearest dollar, including Medicare levy,
Using the 2021-2022 tax tables as referenced in the course, calculate Lisa's (age 25 and single) tax payable to the nearest dollar, including Medicare levy, surcharge, and tax offsets. She has a $33,000 salary and she has $8,000 net capital gains before discount. The disposed asset was held for 19 months. She also has allowable deductions of $1,300. She is not eligible for the pensioner offset and does not have private health insurance.
Select one:
a.$285
b.$3084
c.$3325
d.$3339
e.None of the above
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
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