Question

Mark is an Australian resident taxpayer. His gross salary for 2019/20 is $89,000 and an amount...

Mark is an Australian resident taxpayer. His gross salary for 2019/20 is $89,000 and an amount of $27,600 of PAYG withholding tax has been deducted from his salary by his employer. He has incurred expenses of $8,200 which are allowable deductions.

Calculate Mark’s tax liability for the 2019/20 income year.

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Answer #1

Calculation of Marks Tax liability & Total Income for 2019-20 Amount Particular Gross Salary $89,000 Gross Total Income (les

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