2007 Basic Course Chapter
11 Question 5
Front page
Filling out the I Form
|
Item
number |
Amount |
Code |
Notes
and calculations |
|
Income |
|
|
|
|
1 |
1258 9877 |
|
|
|
6 |
4638 |
|
|
|
10 |
2929 |
|
2261+668 |
|
11T |
488 |
|
|
|
11U |
209 |
|
|
|
12U |
12R
456.63 982 |
M |
|
|
19E
& 19D |
2973 |
|
|
|
|
1258 |
|
|
|
Assessable income |
22096 |
|
|
|
Deductions |
|
|
|
|
D10 |
98 |
|
|
|
D12 |
743 |
|
2973 x 25% |
|
|
|
|
|
|
Total deductions |
841 |
|
|
|
Taxable income |
21255 |
|
Assessable income MINUS Total deductions |
|
Tax
offsets |
|
|
|
|
T2 N |
|
A |
|
|
T5 |
234 |
|
669 x 35% |
|
|
|
|
|
|
Total tax offsets |
|
|
|
|
Other |
|
|
|
|
Private
health insurance |
MBP 17293679T |
A |
|
|
M2 |
N 365 days |
|
|
Tax calculation
|
Taxpayer's name Cornelia HENDRICKS |
|
|
|||
|
Taxable income 21255 Threshold 6000 |
|
||||
Basic
tax payable
|
|
2288.25 |
Notes
and calculations |
|
|
Tax
offsets
|
|
|
|
|
|
|
Senior Australians |
2230 |
Income
below single threshold of 24867 so gets max. |
|
||
|
MAWTO |
493.85 |
See worksheet |
|
||
|
Low income |
600.00 |
|
|
||
|
|
|
|
|
||
|
|
MINUS
total |
3323.85 |
|
|
|
|
|
Subtotal |
0 |
Must not be less than zero |
|
|
Levies
etc
|
|
|
|
|
|
|
Medicare levy |
|
T.I. below senior Australians threshold |
|
||
|
Medicare surcharge |
|
|
|
||
|
HELP |
|
|
|
||
|
SFSS |
|
|
|
||
|
|
PLUS
total |
|
|
|
|
Tax
credits
|
|
|
|
|
|
|
TIDs (PAYG
withholding) |
1258 |
|
|
||
|
Franking credits |
209 |
|
|
||
|
TFN tax |
456.63 |
|
|
||
|
Foreign tax credit |
|
|
|
||
|
PAYG instalment credit |
|
|
|
||
|
Private health ins offset |
234 |
|
|
||
|
Baby bonus |
|
|
|
||
|
Other |
|
|
|
||
|
|
MINUS
total |
2157.63 |
|
|
|
|
balance
payable or
refund due |
|
2157.63 |
REFUND |
|
|