Law, 06.05.2021 18:20 bbbbbbbbbbbb62
Calculate Total Assessable Income, Taxable Income, Tax Liability, Student loan (HECS), Medicare Levy, and Medicare Levy Surcharge if applicable, for the taxpayer (Susanne) with the information below:
• Susanne is a single and an Australian resident plans to lodge a tax return for the tax year 2020 - 2021.
• Her total taxable income is $90,000 (Including tax withheld).
• She does not have private health insurance.
• Susanne has a student loan HECS outstanding for her previous study at Sydney University of
$53,000.
• Her employer pays superannuation guarantee charge of 9.5% on top of her salary to her nominated fund.
• Susanne earned a passive income of $10,000 from the investments in shares in the same tax year.
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Calculate Total Assessable Income, Taxable Income, Tax Liability, Student loan (HECS), Medicare Levy...
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