Answered: Claudia (35 years) has a taxable income…

Claudia (35 years) has a taxable income of $24 000 and is unmarried. What is Claudia’s Medicare levy liability for the year ending 30 June 2020? a. $701.25 b. $360 c. $160.20 d. $480

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Claudia (35 years) has a taxable income of $24 000 and is unmarried. What is Claudia’s Medicare levy liability for the year ending 30 June 2020?

	a.	$701.25
	b.	$360
	c.	$160.20
	d.	$480

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