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
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
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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