Mellisa L was born in Paris but now lives in Perth, Western Australia. She earned a...
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Mellisa L was born in Paris but now lives in Perth, Western Australia. She earned a salary of $116,000 from her employer ABC Pty Ltd for the 2020-2021 tax year. During the course of the same year, she has deductible expenses of $5,000, a tax offset of $10,000 and a HELP debt of $25,000. Mellisa L did have private health insurance from 1 January 2021. Calculate: Mellisa's total tax payable. Show all workings. Mellisa L was born in Paris but now lives in Perth, Western Australia. She earned a salary of $116,000 from her employer ABC Pty Ltd for the 2020-2021 tax year. During the course of the same year, she has deductible expenses of $5,000, a tax offset of $10,000 and a HELP debt of $25,000. Mellisa L did have private health insurance from 1 January 2021. Calculate: Mellisa's total tax payable. Show all workings.
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To calculate Mellisas total tax payable we need to consider her taxable income deductions offsets an... View the full answer
Related Book For
Essentials Of Federal Taxation 2018
ISBN: 9781260007640
9th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
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