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Based on the following information, what is the tax payable by or tax refund due to a single, resident taxpayer at the end of the 2018-2019 income year: 1.1 Interest received from a bank savings account, $450. Gross salary from employment, $50,000 PAYG on salary withheld by employer, $8,000. The taxpayer has sufficient private patient hospital insurance during the income year The taxpayer is 29 years old. . a. b. c. d. $8,000.00 refund $709.00 tax payable $56.75 refund $179.00 tax payableHamilton is married and a resident taxpayer. During the 2018-2019 income year, he has taxable income of $42,000. During the 2018-2019 income year, his spouse has taxable income of $242,000. Neither of them have private patient hospital insurance. Only one of the statements below are incorrect. Which one is incorrect? 1.2 Hamilton will have access to tax offsets of $370.00 during the income year. a. b. Hamiltons taxable income and his spouses taxable income are relevant in calculating his own Medicare Levy Surcharge liability. c. Hamilton be liable for the Medicare Levy d. The rate of the Medicare Levy Surcharge (step 2 of the calculation) applicable to Hamilton is 1.5%.

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