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Calculate lisa taxable income and net tax payable

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Reference no: EM132641660

Question - Lisa has sent through the following information. Can you pull this together with what you have examined already so we can have a tax estimate ready to go.

Wages (Melbourne employment) - $125,000 net wages, PAYG withheld of $43,000 plus a bonus of $5,000 was paid.

Wages (Darwin employment) - $25,000 net wages, PAYG withheld of $1,500

Interest income $1,000

Allowable general deductions $3,300

Allowable specific deductions $1,000

Lisa is single with no private health insurance.

Lisa has no reportable fringe benefits or reportable superannuation contributions.

Required - You are required to calculate Lisa's taxable income, net tax payable, Medicare Levy and Medicare Levy Surcharge.for the year ending 30 June 2020 based on the above information. as she have a net capital gain of $558,020.

Reference no: EM132641660

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