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Calculate fred net tax payable for the tax year

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Reference no: EM133111554

Question - Fred, a resident taxpayer aged 47, has taxable income of $145,345 and reportable fringe benefits of $17,170. During the year Fred has paid PAYG tax instalments totalling $13,480. His wife, Jani, has taxable income of $27,000.

They have seven children and no private health insurance.

Required - Calculate Fred's net tax payable for the 2017/18 tax year.

Reference no: EM133111554

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Calculate fred net tax payable for the tax year : Fred, a resident taxpayer aged 47, has taxable income of $145,345 and reportable fringe benefits of $17,170. Calculate Fred net tax payable for the tax year
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