Erin, a resident taxpayer, has a taxable income of $53,000 for the year ended 30 June 2020, with PAYG tax of $12,000 deducted by her employer. She has no dependants and is not entitled to any tax offsets/rebates. What will be Erin’s net tax payable or refundable for the year ended 30 June 2020? (include Medicare levy where appropriate but ignore any offsets): 

a. $2,168.00 refund 

b. $2,980.50 refund 

c. $2,234.50 payable 

d. $1,834.50 refund 

e.$13,150.00 refund
 

Answer rating: 100% (QA)

Answer 2168 Refund Calculation Taxable Income 53000 The tax on your taxable ... View the full answer