Module 6 Review Quiz

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    Anonymous

    8. Question
    Calculate the amount of medicare levy surcharge for a single taxpayer with an income of $94,015, no fringe benefits and no dependants and, at the beginning of the year, had private patient hospital cover but ceased his policy on the 19th January 2016

    MY CALCULATIONS:
    $940.15 x 203/365 = $522.88 DAYS HE HAD PRIVATE HEALTH INSURANCE COVER

    $940.15 – $522.88 = $417.27 MEDICARE LEVY SURCHARGE PAYABLE

    CORRECT ANSWER IS $421.27

    YOUR HELP IS MUCH APPRECIATED PLEASE.THANKS…JJ…

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