Question 1 Summary of financial position/net worth Summary of financial position/net worth *Home Contents
Question 2 - Part A
*1.5% of taxable income **Interest is subject to 10% tax rate in Australia According do Australian tax legislation Australian residents are subject to individual income tax. As Tony’s annual salary is $115,000, he is due to pay $17,547 plus 37c for each $1 over $80,000 for the group of tax payers having income between $80,001 and $180,000. By analogy, tax duties can be calculated for Clare. She receives annual payments of $80,000, thus ...