7. Income and Taxation
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
In the last financial year, Carl was paid a wage every month, and each week there was $\$61$$61 deducted as PAYG tax.
Easy
1min
Consider Pauline's taxable income of $\$127$$127$810$810.
Easy
2min
Sign up to access Practice Questions
Get full access to our content with a Mathspace account