Minita is a Registered Nurse working in a hospital and also has some business activities. She needs to file her income tax for the year $2023/24.$ Below are the details she provided:

$$ Minita is a single mother and a resident taxpayer of Australia. She has one dependent child who is $9$ years old.

HI$6028$ Taxation Theory, Practice and Law Individual Assignment T$1\mathrm{.}20243$

$(10$ Marks$)$

$$ Her taxable salary for the year is $$104,000,$ which includes tax already withheld. She doesn't have private health insurance.

$$ She incurred the following expenses:

$-$ $$300$ for her nursing uniform

$-$ $$550$ for protective clothing for COVID$-19$

$-$ $$950$ for her Nursing Membership

$-$ $$300$ for Nursing License renewal

$-$ $$3,700$ for capacity development in her nursing career

$-$ $$1,200$ for her party clothes

$$ Minita has a student loan outstanding from her previous studies at Sunshine Coast University, amounting to $$49,000.$

$$ Her employer contributes a superannuation guarantee charge of $12\mathrm{.}5\%$ on top of her salary to her nominated fund.

$$ Minita has passive income of $$9,000$ from investments in shares during the tax year.

Calculate Minita's Total Assessable Income, Taxable Income, Total Tax Liability $($including Medicare Levy and Medicare Levy Surcharge and other liabilities if applicable$).$

Answer rating: 100% (QA)

To calculate Minitas total assessable income taxable income and total tax liability well consider th... View the full answer