Samantha is an Australian resident taxpayer. She is single with no dependents.
Samatha operates a cafe in Sydney as a sole trader. For the income year ended 30 June 2024, the assessable income derived from her business was $175,000. The deductions from the business were $88,500.
She also had a weekend job at a local shopping centre from which she derived assessable income of $18,000. Her personal deductions (e.g. gifts to charities, tax agent’s fee, work related expenses) amounted to $ 700 for the year. You can assume that all these expenses can be substantiated.
Samantha has an accumulated higher education loan program (HELP) liability/debt of $5,800 as at 30 June 2024. Samantha does not have private health insurance.
Samantha’s liability to the ATO for the 2023-24 income year is:

Question

Samantha is an Australian resident taxpayer. She is single with no dependents.

Samatha operates a cafe in Sydney as a sole trader. For the income year ended 30 June 2024, the assessable income derived from her business was $175,000. The deductions from the business were $88,500.

She also had a weekend job at a local shopping centre from which she derived assessable income of $18,000. Her personal deductions (e.g. gifts to charities, tax agent’s fee, work related expenses) amounted to $ 700 for the year. You can assume that all these expenses can be substantiated.

Samantha has an accumulated higher education loan program (HELP) liability/debt of $5,800 as at 30 June 2024. Samantha does not have private health insurance.

Samantha’s liability to the ATO for the 2023-24 income year is:

Answer

Income tax of $24,202, medicare levy of $2,076, medicare levy surcharge of $1,038 and HELP repayment of $6,747

Answer

Income tax of $24,202, medicare levy of $2,076, medicare levy surcharge of Zero and HELP repayment of $5,800.

Answer

Income tax of $24,202, medicare levy of $2,076, medicare levy surcharge of 1,038 and HELP repayment of $5,800

Answer

Income tax of $24,202, medicare levy of $2,076, medicare levy surcharge of Zero and HELP repayment of $6,747.

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Samantha is an Australian resident taxpayer. She is single with no dependents. S...

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