How much low and middle income tax offset will entitled to

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Problem 1: Alex, a tax resident, has a taxable income in 2018-19 of $60,000. How much low and middle income tax offset will he be entitled to?

Problem 2:  Peter, a tax resident, has a taxable income in 2018-19 of $52,000. How much low income tax offset will he be entitled to?

Reference no: EM132702224

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