Reference no: EM133182970
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.
Will Lachlan be required to pay back any of his HELP debt? If so, how much will he be required to pay (show full workings) and why.
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