Can you help me Steven earns a wage of $65,000 per year, has allowable work-related expenses of $1,700 and earns bank interest of $950. Steven bought…
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Can you help me
Steven earns a wage of $65,000 per year, has allowable work-related expenses of $1,700 and earns bank interest of $950. Steven bought some shares for $6,500 two years ago and sold them for $10,000, making a capital gain of $3,500 for the current year. Last year he made a $1,500 loss on the sale of some shares and this was carried forward unused. Steven had an amount of $15,750 withheld as PAYG tax during the year.
a) Assessable Income
b) Taxable Income and Tax on Taxable Income
c) Low Income Tax Offset (LITO)
d) Medicare Levy
e) Tax Payable or Refundable for the year ended 30 June 2018. Required: Using Excel Spreadsheet Calculate Steven’s
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