Reference no: EM133182973

Question - Lachlan is 46 years of age and is a single parent. He has one dependent child - a daughter named Rory who is 22 years of age. She is a full time student whose only income for the year was Youth Allowance totalling $7,882.

Lachlan received the following income -

$52,300 Wages

$1,980 Tattslotto win

$1,300 Disability support pension

$5,900 Jobseeker payment

$960 Bank interest

Lachlan also had the following amounts listed on his income statement -

Reportable fringe benefits amount $29,999

Reportable employer super contributions $10,000

He had work related deductions totalling $1,240, a HELP debt of $5,893 and neither he nor Rory have private health insurance.

Required - How much Medicare levy and Medicare levy surcharge will Lachlan be required to pay, if any? Show full calculations below.