Max is a diving instructor and earns \($47300\) per year. He has allowable deductions of \($1226\) for diving equipment and \($812\) for a wetsuit. 

\begin{array}{|c|c|}
\hline \text { Taxable income } & \text { Tax on this income } \\
\hline 0-\$ 18200 & \text { Nil } \\
\hline \$ 18200-\$ 37000 & 19 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 18200 \\
\hline \$ 37001-\$ 80000 & \$ 3572 \text { plus } 32.5 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 37000 \\
\hline \$ 80001-\$ 180000 & \$ 17547 \text { plus } 37 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 37000 \\
\hline \$ 180001 \text { and over } & \$ 54547 \text { plus } 45 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 180000 \\
\hline
\end{array}

Calculate:

a) his taxable income
b) his income tax.

Luke had a yearly income of \($100157\) and earned \($340\) in dividends from his shares. He also had allowable deductions of \($640\) for car expenses and \($432\) in the depreciation of his photocopier.

\begin{array}{|c|c|}
\hline \text { Taxable income } & \text { Tax on this income } \\
\hline 0-\$ 18200 & \text { Nil } \\
\hline \$ 18200-\$ 37000 & 19 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 18200 \\
\hline \$ 37001-\$ 80000 & \$ 3572 \text { plus } 32.5 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 37000 \\
\hline \$ 80001-\$ 180000 & \$ 17547 \text { plus } 37 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 37000 \\
\hline \$ 180001 \text { and over } & \$ 54547 \text { plus } 45 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 180000 \\
\hline
\end{array}

Calculate:

a. Luke’s taxable income
b. the amount of tax payable.

Mia earns \($2446.87\) per fortnight and claims deductions of \($955.30\) in travel expenses, \($572\) depreciation of camera equipment, \($180.20\) membership to a professional association and \($150\) donated to a charity.

\begin{array}{|c|c|}
\hline \text { Taxable income } & \text { Tax on this income } \\
\hline 0-\$ 18200 & \text { Nil } \\
\hline \$ 18200-\$ 37000 & 19 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 18200 \\
\hline \$ 37001-\$ 80000 & \$ 3572 \text { plus } 32.5 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 37000 \\
\hline \$ 80001-\$ 180000 & \$ 17547 \text { plus } 37 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 37000 \\
\hline \$ 180001 \text { and over } & \$ 54547 \text { plus } 45 \mathrm{c} \text { for each } \$ 1 \text { over } \$ 180000 \\
\hline
\end{array}

Calculate Mia’s income tax payable.

\[\begin{array}{ | c | c |}
\hline \text{Taxable Income} & \text{Tax Payable} \\
\hline \text{0-\$18200} & \text{\$ Nil} \\
\hline \text{\$18201-\$37000} & \text{\$Nil + 19 cents for each \$1 over \$18200} \\
\hline \text{\$37001-\$87000} & \text{\$3572 + 32.5 cents for each \$1 over \$37000} \\
\hline \text{\$87001-\$180000} & \text{\$19822 + 37 cents for each \$1 over \$87000} \\
\hline \text{\$180001 and over} & \text{\$54232 + 45 cents for each \$1 over \$180000} \\
\hline \end{array}\] 

Earnie's taxable income is $42,500. How much tax does Earnie pay?

\[\begin{array}{ | c | c |}
\hline \text{Taxable Income} & \text{Tax Payable} \\
\hline \text{0-\$18200} & \text{\$ Nil} \\
\hline \text{\$18201-\$37000} & \text{\$Nil + 19 cents for each \$1 over \$18200} \\
\hline \text{\$37001-\$87000} & \text{\$3572 + 32.5 cents for each \$1 over \$37000} \\
\hline \text{\$87001-\$180000} & \text{\$19822 + 37 cents for each \$1 over \$87000} \\
\hline \text{\$180001 and over} & \text{\$54232 + 45 cents for each \$1 over \$180000} \\
\hline \end{array}\] 

Anna earns $38,500 in a year and has allowable tax deductions of $2300.

i) Calculate her taxable income.

ii) Calculate the income tax that Anna has to pay. 

Frank earns a gross pay of $2240 per fortnight. His deductions are $420 PAYG per fortnight and $60.50 for superannuation. 

i) Calculate Frank's net pay

ii) Calculate Frank's total deductions as a percentage of his gross income (to one decimal place)

\[\begin{array}{ | c | c |}
\hline \text{Taxable Income} & \text{Tax Payable} \\
\hline \text{0-\$18200} & \text{\$ Nil} \\
\hline \text{\$18201-\$37000} & \text{\$Nil + 19 cents for each \$1 over \$18200} \\
\hline \text{\$37001-\$87000} & \text{\$3572 + 32.5 cents for each \$1 over \$37000} \\
\hline \text{\$87001-\$180000} & \text{\$19822 + 37 cents for each \$1 over \$87000} \\
\hline \text{\$180001 and over} & \text{\$54232 + 45 cents for each \$1 over \$180000} \\
\hline \end{array}\] 

Zina earns $179,500 and collects $4300 in bank interest. Her allowable deductions are $2100. 

Calculate the income tax that Zina has to pay. 

\[\begin{array}{ | c | c |}
\hline \text{Taxable Income} & \text{Tax Payable} \\
\hline \text{0-\$18200} & \text{\$ Nil} \\
\hline \text{\$18201-\$37000} & \text{\$Nil + 19 cents for each \$1 over \$18200} \\
\hline \text{\$37001-\$87000} & \text{\$3572 + 32.5 cents for each \$1 over \$37000} \\
\hline \text{\$87001-\$180000} & \text{\$19822 + 37 cents for each \$1 over \$87000} \\
\hline \text{\$180001 and over} & \text{\$54232 + 45 cents for each \$1 over \$180000} \\
\hline \end{array}\] 

Alice earns an annual salary of $92,400 and has collected $2400 in bank interest. She has allowable deductions of $580.

i) Calculate Alice's taxable income

ii) Calculate Alice's income tax