Question: Lisa has sent through the following information. Can you pull this together with what you have examined already so we can have a tax estimate
Lisa has sent through the following information. Can you pull this together with what you have examined already so we can have a tax estimate ready to go.
- Wages (Melbourne employment) - $125,000 net wages, PAYG withheld of $43,000 plus a bonus of $5,000 was paid.
- Wages (Darwin employment) - $25,000 net wages, PAYG withheld of $1,500
- Interest income $1,000
- Allowable general deductions $3,300
- Allowable specific deductions $1,000
- Lisa is single with no private health insurance.
- Lisa has no reportable fringe benefits or reportable superannuation contributions.
Calculate Lisa’s Basic Tax Payable
Calculate Lisa’s Medicare Levy
Calculate Lisa’s Medicare Levy Surcharge
Calculate Lisa’s Net Tax Payable
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