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What is the total tax and medicare levy

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Reference no: EM131802318

Jim earns $45,000 in salary in 2012/13. He also sells 10,000 shares at $20 which he bought in a public offering 5 years previously for $5 each. Jim has private health insurance. What is the total tax and Medicare levy that he will pay in 2012/13? Do not consider tax offsets.

Reference no: EM131802318

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