Calculated the medicare levy and medicare levy surcharge

Reference no: EM133612294

Question: Kiara is single and does not have private health insurance. During the 2023 income year, Kiara received taxable income of $100,000 derived from salary and wages of $120,000 and a net investment loss of $20,000. Calculated the Medicare Levy and Medicare Levy Surcharge applicable to Kiara in respect of the 2023 income year.

Reference no: EM133612294

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