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8.06 Calculating income tax and Medicare levy

Interactive practice questions

Each week Jack has $\$195$$195 in PAYG tax withheld. How much does Jack pay in PAYG tax installments in a full financial year?

Assume that there are $52$52 weeks in a year.

Easy
< 1min

The Medicare levy is charged at $2%$2% of taxable income. Calculate the Medicare levy on a taxable income of $\$60000$$60000.

Easy
< 1min

Consider Pauline's taxable income of $\$127$$127$810$810.

Easy
2min

Calculate the income tax payable, to the nearest cent, on each of the following taxable incomes:

Medium
7min
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Outcomes

2.1.1.8

apply the concepts of taxable income, gross income, allowable deductions and levies in simple contexts [complex]

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