How much medicare levy should jack pay

Assignment Help Financial Accounting
Reference no: EM132702221

Problem a Jack, who is single, has a taxable income of $25,000 for 2018-19. He is not eligible for either the seniors and pensioners tax offset or Medicare exemption. How much Medicare levy should Jack pay?

Problem b Mark has a taxable income of $60,000 and his wife, Mary has a taxable income of $20,000 for 2018-19. Both of them are not eligible for either the seniors and pensioner tax offset or Medicare levy exemption. They have 4 dependent children. How much Medicare levy should Mark and Mary pay respectively?

 

Reference no: EM132702221

Questions Cloud

What is corporate social responsibility : Explain how at least four of DuBrin's initiatives for achieving a socially responsible and ethical organization relate to the categories of corporate social
How much low and middle income tax offset will entitled to : 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?
Discuss the capabilities for software for smart devices : Discuss the following Capabilities for Software for Smart Devices, Library accessibility for major computer systems like Javascript, Java and Python.
How much medicare levy surcharge should john pay : John is single and does not have an appropriate level of private patient hospital cover. How much Medicare levy and Medicare levy surcharge should John pay?
How much medicare levy should jack pay : How much Medicare levy should Jack pay? Jack, who is single, has a taxable income of $25,000 for 2018-19. He is not eligible for either the seniors and pension
What factors characterize a green learning organization : 1. What factors characterize a 'green learning' organization? 2. What do you understand by the term 'corporate greenwashing'?
What is individual machine bureaucracy : What is individual machine bureaucracy?
What is the amortization table through first two interest : On march 1 , 2002 Pyne furniture co issued P 700,000. What is the amortization table through the first two interest periods using effective interest method.
Identify several of crossfit key tangible : Identify several of CrossFit's key tangible and intangible resources. How have these been used to create capabilities and core competencies?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd