Damian is a married to Lisa. They have 3 dependent children, aged 6, 8 and 10. The children are full time students and have no income. Damian is not entitled to SAPTO. Damian's and Lisa's income details for the 2021 year are as follows:

Damian 
$46,978 Taxable Income 
$29,999 RFBA (exempt employer) 
$ 2,600 RESC 
$ 5,666 HELP Debt 

Lisa 
$15,200 Taxable Income 
$29,999 RFBA (exempt employer) 
$0 RESC 

What will Damien's compulsory HELP Debt Repayment be for the 2021 year and why?

Answer rating: 100% (QA)

To calculate Damians compulsory HELP Debt repayment for the 2021 year we need to consider his taxabl... View the full answer