Tax time for Penny. House rent = $22,560.No interest payments as its her own house. She left jan 2019. She closed her bank account and generated no interest income. Now she earns cad$8900O. a. Which income will she declare on 2020 Australian tax return? o. Does she have Medicare liability in Australia? c. Calculate the Australian tax payable for penny.
Tax time for Penny. House rent = $22,560.No interest payments as its her own house. She left jan 2019. She closed her bank account and generated no interest income. Now she earns cad$8900O. a. Which income will she declare on 2020 Australian tax return? o. Does she have Medicare liability in Australia? c. Calculate the Australian tax payable for penny.
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 6BCRQ
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