What is the total value of Ruth's HELP Repayment Income used to determine her HELP Repayment due? 

$215,400 

$214,000 

$99,400

$98,799

$214,799

 

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All of the facts in this scenario relate to the 2020-2021 income year of Ruth Forrest, aged 36. Ruth is married to Tom Forrest. Ruth and Tom are Australian resident individuals. Both are employed by The University of Queensland. This is the summary of the Single Touch Payroll data that The University of Queensland uploaded to their individual ATO profiles: Gross salary PAYG withheld and remitted to the ATO Reportable fringe benefits This is the other information relevant to Ruth's 2020-2021 income year: ● Ruth and Tom do not have private health cover. ● ● ● ● Ruth Forrest 1 Australia Street, St Lucia, QLD, 4067 Ruth Class description Ordinary shares TFN quoted Tom has no other assessable income or deductions. Ruth's HELP debt balance from her undergraduate journalism studies totals $12,500. On 1 July 2020 Ruth borrows $30,000 from her bank to purchase 320 Commonwealth Bank shares. During the 2020-2021 income year, she pays $1,950 in interest on this loan. Ruth receives the following dividend advice statement from the Commonwealth Bank: Commonwealth Bank Ltd Dividend rate per ordinary share $98,000 $28,654 $1,400 295 cents Security holder reference number 699 234 678 Interim Fully franked dividends for the period ending 31 December 2020 Franked at a tax rate of 30% Number of Franking ordinary shares credits 320 $404.57 Tom Dividend advice statement Dividend payment date 30 April 2021 Unfranked amount $116,000 $23,900 $0 Dividend paid into security holder's nominated bank account $0 Franked amount $944.00 $944.00 All of the facts in this scenario relate to the 2020-2021 income year of Ruth Forrest, aged 36. Ruth is married to Tom Forrest. Ruth and Tom are Australian resident individuals. Both are employed by The University of Queensland. This is the summary of the Single Touch Payroll data that The University of Queensland uploaded to their individual ATO profiles: Gross salary PAYG withheld and remitted to the ATO Reportable fringe benefits This is the other information relevant to Ruth's 2020-2021 income year: ● Ruth and Tom do not have private health cover. ● ● ● ● Ruth Forrest 1 Australia Street, St Lucia, QLD, 4067 Ruth Class description Ordinary shares TFN quoted Tom has no other assessable income or deductions. Ruth's HELP debt balance from her undergraduate journalism studies totals $12,500. On 1 July 2020 Ruth borrows $30,000 from her bank to purchase 320 Commonwealth Bank shares. During the 2020-2021 income year, she pays $1,950 in interest on this loan. Ruth receives the following dividend advice statement from the Commonwealth Bank: Commonwealth Bank Ltd Dividend rate per ordinary share $98,000 $28,654 $1,400 295 cents Security holder reference number 699 234 678 Interim Fully franked dividends for the period ending 31 December 2020 Franked at a tax rate of 30% Number of Franking ordinary shares credits 320 $404.57 Tom Dividend advice statement Dividend payment date 30 April 2021 Unfranked amount $116,000 $23,900 $0 Dividend paid into security holder's nominated bank account $0 Franked amount $944.00 $944.00

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