2007 Basic Course Chapter 2 Question 4

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Filling out the I Form

Item number	Amount	Code	Notes and calculations
Income
45 004 189 708 1	1862 16737
6	289 4831		The tax exempt amount is not written on the I form
10	29
11T	200		80+120
11U	85		34+51
Total tax withheld	2151
Assessable income	21882
Deductions
Total deductions
Taxable income			Assessable income MINUS Total deductions
Tax offsets
T3 label O		S
Total tax offsets
Other

Tax calculation not required.

Taxpayer's name Amanda Sue TOWNSEND
Taxable income Threshold 6000
Basic tax payable		Notes and calculations
Tax offsets
	MINUS total
	Subtotal	Must not be less than zero
Levies etc
Medicare levy
Medicare surcharge
HELP
SFSS
	PLUS total
Tax credits
TIDs (PAYG withholding)
Franking credits
TFN tax
Foreign tax credit
PAYG instalment credit
Private health ins offset
Baby bonus
Other
	MINUS total
balance payable or refund due		REFUND

NOTES

1] Note the difference between the two kinds of parenting payment:

• Parenting payment (partnered) is a government benefit, and goes at item 5.
• Parenting payment (single) is a government pension, and goes at item 6. It used to be called the sole parent pension.