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You are working as a staff at Accounting and Tax Services Pty Ltd Sydney. Sharine is your firstclient. She is required to lodge her income
You are working as a staff at Accounting and Tax Services Pty Ltd Sydney. Sharine is your firstclient. She is required to lodge her income tax for 2021/22. She gave her annual income anddeduction below. Calculate her Total Assessable Income, Taxable Income, Tax Liable and Medicare Levy Surcharge, if applicable, for the taxpayer (Sharine) with the information
below:
Sharine is a resident single mom with one dependent daughter (3 years old) taxpayerof Australia for the tax year 2021-2022.
Her Taxable Salary earned is $111,000 (Including tax withheld), having no privatehealth insurance. She had a $13,000 deduction.
Sharine has a student loan outstanding for her study at Sydney University $47,000an education loan.
Sharine 's employer paid a superannuation guarantee charge of 10 % on top of her salaryto her nominated fund.
Sharine earned a passive income of $15,000 from the investment income from herinvestment property in the same tax year.
below:
Sharine is a resident single mom with one dependent daughter (3 years old) taxpayerof Australia for the tax year 2021-2022.
Her Taxable Salary earned is $111,000 (Including tax withheld), having no privatehealth insurance. She had a $13,000 deduction.
Sharine has a student loan outstanding for her study at Sydney University $47,000an education loan.
Sharine 's employer paid a superannuation guarantee charge of 10 % on top of her salaryto her nominated fund.
Sharine earned a passive income of $15,000 from the investment income from herinvestment property in the same tax year.
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