Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 2 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 11.00

Medicare levy

Question 1 10 Marks

Calculate the income tax payable, ignoring the Medicare levy, for the following taxpayers for the year ended 30 June 2016:

(a) An Australian individual who is a resident with a taxable income of $15,000.
(b) An Australian individual who is a non-resident with a taxable income of $15,000.
(c) An Australian company with a taxable income of $15,000.
(d) An Australian individual who is a resident with a taxable income of $155,000.
(e) An Australian individual who is a non-resident with a taxable income of $155,000.
(f) An Australian company with a taxable income of $155,000.
(g) An Australian individual who is a resident with a taxable income of $255,000.
(h) An Australian individual who is a non-resident with a taxable income of $255,000.
(i) An Australian company with a taxable income of $255,000.
(j) An Australian company qualified as a “small business entity” with a taxable income of $100.

Question 2 10 Marks

Calculate the Medicare levy and Medicare levy surcharge payable for the year ended 30 June 2016 for the following taxpayers:

(a) An Australian resident, aged 25 years, with a taxable income of $18,000.
(b) An Australian resident, eligible for a Seniors tax offset, with a taxable income of $32,000. (c) An Australian resident, aged 45 years, with a taxable income of $45,000.
(d) A taxpayer who is not a resident for tax purposes, with a taxable income of $45,000.

1

(e) An Australian company with a taxable income of $2,500,000.

(f) An Australian resident, aged 45 years, with a taxable income of $110,000, holding private health insurance.

(g) An Australian resident, aged 45 years, with a taxable income of $110,000, and no private health insurance.

(h) An Australian resident with a taxable income of $150,000, holding private health insurance for 90 days of the income year.

(i) Victor and his wife are Australian residents. Victor has a taxable income of $110,000 and his wife Jackie a taxable income of $75,000. They have no children and no private health insurance.

(j) An Australian couple have four children and no private hospital health insurance. What would be the family’s minimum Medicare levy surcharge threshold?

Answers

Maurice Tutor
(5)
Status NEW Posted 08 Aug 2017 02:08 PM My Price 11.00

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