All of the facts in this scenario relate to the 2021–2022 income year.

Ingrid Jackson is 34 years old, an Australian resident individual, and she is married to James Jackson. Ingrid and James do not have private health cover. The couple has two dependent children, their baby son and a daughter aged 3.

Ingrid’s taxable income totals $60,000. During this income year her employer withheld PAYG of $8,000 from her gross salary and remitted the amount to the ATO on her behalf.

James’s taxable income totals $126,000. His reportable fringe benefits total $20,000 and his reportable employer super contributions total $5,000. His HELP debt balance from his undergraduate business degree studies at The University of Queensland totals $13,500 at the end of this income year.

question：

What is the total value of James’s HELP repayment due?

$13,500.00

None of the available alternative answers

$15,100.00

$1,350.00

$12,600.00

Answer rating: 100% (QA)

c 15 100 00 James s taxabl... View the full answer