ssable income was $ 150,000 and deduction $ 20,000 in Financial Year 2019-2020. He does not have a private health Insurance. Calculate his tax liability for the 2019-2020 Income Year (Basic Income Tax, Medicare & Medicare Levy) (Please show your working)
ssable income was $ 150,000 and deduction $ 20,000 in Financial Year 2019-2020. He does not have a private health Insurance. Calculate his tax liability for the 2019-2020 Income Year (Basic Income Tax, Medicare & Medicare Levy) (Please show your working)
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 30P
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Jack is a single and resident for tax purpose in Australia. He works as Project manager in Sydeny CBD. His assessable income was $ 150,000 and deduction $ 20,000 in Financial Year 2019-2020. He does not have a private health Insurance. Calculate his tax liability for the 2019-2020 Income Year (Basic Income Tax, Medicare & Medicare Levy) (Please show your working)
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