The following persons are resident individual taxpayers who are not liable for the Medicare Levy Surcharge. The information given relates to the 2O21/22 tax year:
Jasmine derived taxable income of $30,000.
Rose derived taxable income of $19,000.
Neroli derived taxable income of $24,9O9.
Cinnamon derived assessable income of $33,500 and had deductions of $6,5OO.
Patchouli derived assessable income of $19,500 and had deductions of $4,500.
Bergamot derived assessable income of $76,000 and had deductions of $11,43O.
For each taxpayer, calculate their liability for Medicare Levy.
a) Calculation of Medicare Levy
b) Tax liability for individual taxpayers
c) Medicare Levy Surcharge analysis
d) None of the above