Graham has wages of $165,000 and $400 of deductible expenses. He has a tax offset of $100. He has private hospital health insurance. His PAYG withholding tax was $50,600. Thus his income tax payable / refundable in the current income tax year is: a. None of the options are correct. b. $1,164.67 c. $979.00 d. $961.22 e. $1,135.54
Graham has wages of $165,000 and $400 of deductible expenses. He has a tax offset of $100. He has private hospital health insurance. His PAYG withholding tax was $50,600. Thus his income tax payable / refundable in the current income tax year is: a. None of the options are correct. b. $1,164.67 c. $979.00 d. $961.22 e. $1,135.54
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 21MCQ
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Question
Graham has wages of $165,000 and $400 of deductible expenses. He has a tax offset of $100. He has private hospital health insurance. His PAYG withholding tax was $50,600. Thus his income tax payable / refundable in the current income tax year is:
a.
None of the options are correct.
b.
$1,164.67
c.
$979.00
d.
$961.22
e.
$1,135.54
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