During the 2019/20 income year, Anna, a minor, earned the following income. Anna had no deductions...

 

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During the 2019/20 income year, Anna, a minor, earned the following income. Anna had no deductions and was in full time education: • Wages from her weekend waitressing job: $20,000 ($5,000 PAYG tax withheld) Unfranked dividend paid from shares that were bought for her by her grandparents: $15,000 • Interest earned from Anna's own savings account: • Inheritance received when her aunt died: $800 $5,000 Calculate Anna's tax payable or refundable (Ignore Medicare) (Hint: Be careful around LITO and LAMITO when processing eligible income (if any).) During the 2019/20 income year, Anna, a minor, earned the following income. Anna had no deductions and was in full time education: • Wages from her weekend waitressing job: $20,000 ($5,000 PAYG tax withheld) Unfranked dividend paid from shares that were bought for her by her grandparents: $15,000 • Interest earned from Anna's own savings account: • Inheritance received when her aunt died: $800 $5,000 Calculate Anna's tax payable or refundable (Ignore Medicare) (Hint: Be careful around LITO and LAMITO when processing eligible income (if any).)

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