Australian Taxation Law Solutions

This document provides solutions to various questions related to Australian taxation law. It covers computations of income tax payable, Medicare levy and Medicare Levy Surcharge, and addresses specific scenarios outlined in the assignment questions. The document also includes a bibliography referencing relevant Australian Taxation Law resources.

Running head: TAXATION
Taxation
Name of the Student
Name of the University
Authors Note
Course ID

1TAXATION
Table of Contents
Answer to question 1:.................................................................................................................2
Computations of Income Tax Payable.......................................................................................2
Answer to A:..............................................................................................................................2
Answer to B:..............................................................................................................................2
Answer to C:..............................................................................................................................2
Answer to D:..............................................................................................................................3
Answer to E:...............................................................................................................................3
Answer to F:...............................................................................................................................3
Answer to G:..............................................................................................................................3
Answer to H:..............................................................................................................................4
Answer to I:................................................................................................................................4
Answer to J:................................................................................................................................4
Answer to question 2:.................................................................................................................5
Computation of Medicare Levy and Medicare Levy Surcharge:...............................................5
Answer to A:..............................................................................................................................5
Answer to B:..............................................................................................................................5
Answer to C:..............................................................................................................................5
Answer to D:..............................................................................................................................6
Answer to E:...............................................................................................................................6
Answer to F:...............................................................................................................................6

2TAXATION
Answer to G:..............................................................................................................................6
Answer to H:..............................................................................................................................7
Answer to I:................................................................................................................................7
Answer to J:................................................................................................................................7
Answer to question 3:.................................................................................................................8
Answer to question 4:.................................................................................................................8
Bibliography:..............................................................................................................................9

3TAXATION
Answer to question 1:
Computations of Income Tax Payable
Answer to A:
Answer to B:
Answer to C:

4TAXATION
Answer to D:
Answer to E:
Answer to F:
Answer to G:

5TAXATION
Answer to H:
Answer to I:
Answer to J:

6TAXATION
Answer to question 2:
Computation of Medicare Levy and Medicare Levy Surcharge:
Answer to A:
Answer to B:
Answer to C:

7TAXATION
Answer to D:
Answer to E:
There is no compulsion for the Australian company to pay any form of Medicare
Levy and Medicare Levy Surcharge.
Answer to F:
Answer to G:

8TAXATION
Answer to H:
Answer to I:
Answer to J:

9TAXATION
Answer to question 3:
Computation of Income Tax Payable or Refundable
Answer to question 4:
Computation of Income Tax Payable

10TAXATION
Bibliography:
Barkoczy, S. (2016). Foundations of Taxation Law 2016. OUP Catalogue.
Woellner, R., Barkoczy, S., Murphy, S., Evans, C., & Pinto, D. (2016). Australian Taxation
Law 2016. OUP Catalogue.