Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what amount of tax can be claimed? 19 Private Health Insurance Policy Details On 27 September 2018, Rick takes out private health insurance for the

image text in transcribedwhat amount of tax can be claimed?

19 Private Health Insurance Policy Details On 27 September 2018, Rick takes out private health insurance for the entire family with Bupa (BUP). This covers him and his family for the 278 days from 27 September 2018 to 30 June 2019 inclusive. His combined policy ("C") covers all family members and is the most comprehensive health policy available providing both private patient hospital cover and ancillary cover for all members of his immediate family. On 27th day of each month, Rick pays his monthly premium for this family policy Rick provides you with the private health insurance statement that he receives from Bupa in respect of the 2019 financial year. The key details from Rick's private health insurance statement are summarised below. BUP Membership Number Your Premiums eligible for the Australian Government rebate Your Australian Government rebate received Benefit Code Other Adult Beneficiaries included in this Policy 62490168 $2,174 $553 30 Angie Maree Springfield Angie Maree Springfield 62490168 $748 $188 31 Rick advises you that he wishes to claim his share of the rebate entitlement (which is shown above) in relation to his policy in his income tax return. His wife, Angie, also received the same statement from Bupa (with the same membership number) and will claim her rebate entitlement (which are the same figures that relate to Rick, as above) in her own income tax return. Hence, please use the "C" tax claim code at Item M2 in Rick's tax return

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Quality Audit A Management Evaluation Tool

Authors: Charles A. Mills

1st Edition

0070424284, 978-0070424289

More Books

Students also viewed these Accounting questions