To be eligible for Austudy you must satisfy the following:
Be 25 years or more, and
Studying full-time in an approved educational institution, or
Undertaking a full time Australian Apprenticeship.
The following table shows the fortnightly payments that eligible people could receive on Austudy:
Payment per fortnight | |
---|---|
Single, no children | \$455.20 |
Single, with children | \$596.50 |
In a couple, no children | \$455.20 |
In a couple, with children | \$499.90 |
Consider each of the following cases and determine:
Jenny is 21, a single parent and is studying part time at TAFE.
The following tables provide a summary of the maximum fortnightly payments through ABSTUDY for those who are dependent and those living away from home:
Dependent living at home:
Fortnightly payment | |
---|---|
Younger than 16, in tertiary education | \$34.30 |
16 to 17 | \$249.20 |
18 to 21 | \$299.80 |
22 or older | \$555.70 |
Living away from home:
Fortnightly payment | |
---|---|
Younger than 16 | \$355.20 |
16 to 21 | \$455.20 |
22 or older | \$555.70 |
Based on the information provided, what would be the maximum fortnightly payment for a 20 year old student who is living away from home?
To be eligible for Youth Allowance, you must satisfy one of the following:
Be 16 to 21 years of age and looking for full time work
Be 18 to 24 years of age and studying full time
Be 16 or 17 years of age and studying full time and have completed year 12 or equivalent
Be 16 or 17 years of age, studying full time and either independent or need to live away from home to study
Be 16 to 24 years of age and undertaking a full time Australian Apprenticeship
The following table shows the fortnightly payments that eligible people could receive on Austudy:
Payment per fortnight | |
---|---|
Single, no children, younger than 18 years, and living at parental home | \$249.20 |
Single, no children, younger than 18 years, and required to live away from parental home to study, undertake training, or looking for work | \$455.20 |
Single, with no children, 18 years or older and living at parental home | \$299.80 |
Single, with no children, 18 years or older and required to live away from parental home | \$455.20 |
Single, with children | \$596.50 |
Member of a couple, with no children | \$455.20 |
Member of a couple, with children | \$499.90 |
Consider each of the following cases and determine:
Xanthe is aged , has two children, is living with her parents, and studies part time.
Homer is living with his parents, aged 18, and studying full time.
Paul is 22, the single parent of two children, living with his parents, and doing a full-time apprenticeship.
The following tables show how much Youth Allowance a person can receive when they already have an income:
For a student on Youth Allowance:
Earnings | Fortnightly payment reduces by: |
---|---|
\$437 - \$524 | \text{50 cents for each dollar earnt over } \$437 |
\text{More than } \$524 | \$43.50 \text{ plus }60 \text{ cents for each dollar you earn over } \$524 |
For a job-seeker on Youth Allowance:
Earnings | Fortnightly payment reduces by: |
---|---|
\$143 - \$250 | \text{50 cents for each dollar earnt over } \$143 |
\text{More than } \$250 | \$53.50 \text{ plus }60 \text{ cents for each dollar you earn over } \$250 |
Consider each of the following cases and determine how much Youth Allowance they are entitled to each fortnight. Use the above tables and the tables in the previous question.
Anne, aged 19, is living with her parents, working part-time, and seeking full-time work. She earns \$207 a fortnight.
To be eligible for Age Pension you must satisfy the following:
Be at least 65 years old
Meet an income and assets test
The following table shows the fortnightly payments that eligible people could receive on Age Pension:
The person is single | The person is in a couple | |
---|---|---|
Maximum basic rate | \$843.60 | \$635.90 |
Maximum pension supplement | \$68.50 | \$51.60 |
Energy supplement | \$14.10 | \$10.60 |
Total | \$926.20 | \$698.10 |
Use the above information to find what the following people are entitled to:
The following table shows how much Age Pension can reduce by if a person already has an income:
Marital status of Pensioner | Income per fortnight | Age Pension Payment will reduce by |
---|---|---|
\text{Single Person} | \text{Up to }\$172 | \$0 |
\text{Single Person} | \text{Over }\$172 | 50\text{ cents for each dollar over }\$172 |
\text{A Couple} | \text{Up to }\$304 | \$0 |
\text{A Couple} | \text{Over } \$304 | 50 \text{ cents for each dollar over }\$304 |
Use the above table and the table in the previous question to answer the following questions:
Consider the following information that outlines the family tax benefit (FTB) payable to families with one child, based on their level of income:
Combined annual income | Family tax benefit for the year |
---|---|
\text{Up to }\$53\,728 | \$9052 |
\$53\,728\text{ to }\$98\,988 | \$9052 \text{ minus }20 \text{ cents for each dollar over }\$53\,728 |
\text{Over }\$98 988 | \text{Nil} |
For 1 child aged 0 - 12: the maximum benefit is \$182.84 per fortnight.
For 1 child aged 13 - 15: the maximum benefit is \$237.86 per fortnight.
Determine the annual family tax benefit paid to a family with one child aged 14 meeting the FTB requirements, with a combined annual income of \$85\,208. Assume there are 26 fortnights in a year.
Consider the following information that outlines the family tax benefit (FTB) payable to families with one child, based on their level of income.
Combined annual income | Family tax benefit for the year |
---|---|
\text{Up to }\$53\,728 | \$9052 |
\$53\,728 \text{ to } \$98\,988 | \$9052 \text{ minus }20 \text{ cents for each dollar over }\$53\,728 |
\text{Over }\$98\,988 | \text{Nil} |
For 1 child aged 0 - 12: the maximum benefit is \$174.07 per fortnight.
For 1 child aged 13 - 15: the maximum benefit is \$207.86 per fortnight.
Determine the annual family tax benefit paid to a family with one child aged 9 meeting the FTB requirements and with a combined annual income of \$40\,000. Assume there are 26 fortnights in a year.
Use the following tables regarding Newstart allowance found on the Australian Department of Human Services website to answer the following questions.
Applicant Details | Fortnightly payment | Payment reaches Nil once income reaches this per fortnight |
---|---|---|
\text{Single, no children} | \$555.70 | \$1054.17 |
\text{Single, principal carer, with a dependent child} | \$776.10 | \$1442.50 |
\text{Single, with a dependent child but not the principal carer} | \$601.10 | \$1130.83 |
\text{Partnered} | \$501.70\text{ each} | \$965.17 |
Your income per fortnight | Reduces your fortnightly payment by |
---|---|
\text{Up to }\$104 | \$0 |
\$104 \text{ to }\$254 | 50 \text{ cents for each dollar over }\$104 |
\text{Over }\$254 | \$75 \text{ plus } 60 \text{ cents for each dollar over }\$254 |
Partners, Katrina and Adam, are trying to calculate how much newstart allowance Katrina is entitled to. Katrina earns \$200 per fortnight. Calculate her fortnightly newstart allowance in dollars.
Uther is trying to calculate how much newstart allowance he is entitled to. Uther is single with no children and earns \$800 per fortnight. Calculate his fortnightly newstart allowance in dollars.