Daniel is a physiotherapist who works at Murdoch Hospital. Daniel earns $98,000 per annum from his job and has a tax credit of $18,000. Daniel's physio membership and insurance costs him $5,000 per annum. Daniel is single and has no kids. On 1 April 2023 after discussion with his accountant Daniel rushed to get private health insurance as he was advised that he will get a tax benefit from having private health insurance. Daniels HECS debt was $35,000. Calculate Daniels net tax payable or refund as at 30 June 2023. Show all workings.

Answer rating: 100% (QA)

Daniels Net Tax Payable as at 30 June 2023 Income Annual salary 98000 Deductions Physio membership and insurance 5000 Workrelated expenses up to 5000 ... View the full answer