QFred, a resident taxpayer aged 47, has taxable income of $145,345 and reportable fringe benefits of $17,170.
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Question:
QFred, a resident taxpayer aged 47, has taxable income of $145,345 and reportable fringe benefits of $17,170. During the year Fred has paid PAYG tax instalments totalling $13,480. His wife, Jani, has taxable income of $27,000.
They have seven children and no private health insurance.
Required:
Calculate Fred’s net tax payable for the 2017/18 tax year.
Related Book For
Taxation for Decision Makers 2017
ISBN: 9781119373735
7th edition
Authors: Shirley Dennis-Escoffier, Karen Fortin
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