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Year 11 (2025) Maths Standard (2025) Earning and Managing Money

Taxable Income

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Question 1
65997

Gene is a computer programmer who is paid $2246 per fortnight. He also made $13540 this financial year from an iphone app that he made.

i) Calculate his gross income this financial year

ii) He had yearly tax deductions totalling $5 608, what is his taxable income this financial year?

i) $71936

ii) $66328

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