Rabbie is an Australian resident and single. He works as a university lecturer in Brisbane CBD. His assessable income was $ 120,000 and deduction $ 15,000 in Financial Year 2020-2021. He does not have private health insurance. Calculate his tax liability for the 2020-2021 Income Year (Basic Income Tax, Medicare & Medicare Levy) (Please show your working)
Rabbie is an Australian resident and single. He works as a university lecturer in Brisbane CBD. His assessable income was $ 120,000 and deduction $ 15,000 in Financial Year 2020-2021. He does not have private health insurance. Calculate his tax liability for the 2020-2021 Income Year (Basic Income Tax, Medicare & Medicare Levy) (Please show your working)
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 28P
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Rabbie is an Australian resident and single. He works as a university lecturer in Brisbane CBD. His assessable income was $ 120,000 and deduction $ 15,000 in Financial Year 2020-2021. He does not have private health insurance. Calculate his tax liability for the 2020-2021 Income Year (Basic Income Tax, Medicare & Medicare Levy) (Please show your working)
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