question archive (Application of Medicare Levy using family thresholds) Required: For each taxpayer, calculate their liability for Medicare Levy

(Application of Medicare Levy using family thresholds) Required: For each taxpayer, calculate their liability for Medicare Levy

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(Application of Medicare Levy using family thresholds)

Required: For each taxpayer, calculate their liability for Medicare Levy.

The following persons are resident taxpayers who are not liable for the Medicare Levy Surcharge. The information given relates to the 2016/17 tax year:

a.      Glenn derived taxable income of $22,000 and his wife Rowena derived taxable income of $6,000. They do not have any children. 

 

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