Kritika Singh is an Australian resident individual taxpayer. Kritika does not have a spouse (i.e. married or
Question:
Kritika Singh is an Australian resident individual taxpayer. Kritika does not have a spouse (i.e. married or de facto) and has no dependent children.
During the 2020/2021 tax year, Kritika derived an assessable income of $33,000.
Kritika did not have any deductions, was ineligible for the seniors and pensioners tax offset (SAPTO) and was also ineligible for any Medicare levy exemption.
Please answer the following questions:
On which figure is Kritika’s Medicare levy calculated?
For how much Medicare levy is Kritika liable?
How much Medicare levy would apply if Kritika was a non-resident for tax purposes?
If Kritika had $8,000 of deductions, for how much Medicare levy would Kritika be liable?
If Kritika had $20,000 of deductions, for how much Medicare levy would Kritika be liable?
Expert Answer:
K rit ika is liable to pay the Medicare levy on her taxable income figure of 33 000 This is because ... View the full answer
