This question is about the taxes payable by Clive Davis for the 20222023 income year: Clive is an Australian resident individual. Clive is aged 35 and he is single. Clive has sufficient private health cover. He still has a HELP debt balance due at the start of his 20222023 income year totalling $5,300, from his undergraduate sport sciences degree. Clive operates his own business as a tennis coach. During this income year Clive remitted PAYG totalling $34,000 to the ATO. This is Clives taxable income calculation:

$

Turnover from his tennis coaching business, s 6-5 ITAA97

190,500

Tax deductible business expenses, s 8-1 ITAA97

(15,000)

Dividends received from large listed Australian companies, s 44 ITAA36

3,150

Gross-up, s 207-20 ITAA97 in relation to these franked distributions

1,350

Taxable income

180,000

You are required to select one answer from the alternatives which is the single, correct or nearest correct answer:

None of the available alternatives.

Clives Medicare Levy due totals $3,600.00. His HELP Repayment due totals $5,300.00. He is entitled to tax offsets totalling $1,350.00.

Clives Medicare Levy due totals $3,600.00. His HELP Repayment due totals $530.00 being 10% of his outstanding HELP debt.

Clives Medicare Levy due totals $3,600.00. His HELP Repayment due totals $18,000.00. He is entitled to tax offsets totalling $35,350.00.

Clives Medicare Levy due totals $3,600.00. His HELP Repayment due totals $5,300.00. He is entitled to tax offsets totalling $2,350.00.