During the year ended 30 June 2019 Agnes, a resident individual, has received salary and wages...

 

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During the year ended 30 June 2019 Agnes, a resident individual, has received salary and wages income of $42,000 and a franked dividend of $6,850 with $1,150 of attached franking credits. She also had PAYG instalments of $1,333 withheld from her salary and wages income. She has no dependents and no allowable deductions. What will her net tax to pay or refund be (ignore Medicare levy) when her assessment issues? All calculations must be shown and relevant legislation During the year ended 30 June 2019 Agnes, a resident individual, has received salary and wages income of $42,000 and a franked dividend of $6,850 with $1,150 of attached franking credits. She also had PAYG instalments of $1,333 withheld from her salary and wages income. She has no dependents and no allowable deductions. What will her net tax to pay or refund be (ignore Medicare levy) when her assessment issues? All calculations must be shown and relevant legislation

Answer rating: 100% (QA)

Agnes Net Tax Payable for the year ending 30 June 2019 will be 14667 Stepbystep explanation Lets fir... View the full answer