total income= 28750 tax payable on income...

  1. 98 Posts.
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    total income= 28750
    tax payable on income =(28570-18200)*0.19=1970
    add in franking credits, 1970-8570=-6600, (yes a rebate)
    Add medicare levy 0.02*28570=571

    Total tax payable=-6600+571=-6029
    You should receive a rebate of 6029

    There may also be some other calculations but this is basically it
 
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