How much medicare levy surcharge should john pay

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Reference no: EM132702222

Problem 1: In 2018-19, John, an Australian resident for tax purpose, has a salary of $91,000, reportable fringe benefit of $5,000 and net rental property losses of $2,000. 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?

Problem 2: Gary, a tax resident, has a taxable income in 2018-19 of $120,000. How much tax will he need to pay (ignoring any offsets, levies and surcharges)?

Reference no: EM132702222

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