User Account

All Pages

How much medicare levy surcharge zoey be required to pay

Assignment Help Financial Accounting
Reference no: EM132972287

Zoey is single with no dependants. During the current income year, Zoey got a new job that paid her significantly more than her previous work. As a result, Zoey's taxable income for the current income year was $152,000. However, she advises you she does not have any private health insurance.

Problem 1: Based on the above, how much Medicare Levy Surcharge would Zoey be required to pay?

Option 1: $0
Option 2: $1,520
Option 3: $1,900
Option 4: $2,280
Option 5: $3,040

Reference no: EM132972287

Questions Cloud

Describe the two roles of book value of common shareholder : Describe the two roles of book value of common shareholder's equity in the residual income valuation approach. Provide references.
What is the annual carrying costs of cheese inventory : The company is using Economic Order Quantity model in placing the orders. What is the annual carrying costs of cheese inventory
Will that affect annual net income : How does a stock option work exactly? If the Board goes forward with an employee stock option plan, will that affect annual net income?
Will the choice of financing affect the WACC : That is, it can finance the new project fully with debt, or fully with equity. Will the choice of financing affect the WACC the firm uses to discount project
How much medicare levy surcharge zoey be required to pay : Zoey got a new job that paid her significantly more than her previous work. How much Medicare Levy Surcharge would Zoey be required to pay?
Explain the nature of organizational development : Explain the nature of organizational development and describe how it might be use to assist the DB company with the problems indicated in the scenario.
How much was Wagner revenue for the year : No dividends were paid. Expenses incurred during the year were $110,000. How much was Wagner's revenue for the year
Find how much account payable adjusted for star corp : Find How much should the account payable be adjusted? Star Corporation records its purchases at net amounts. Star purchased merchandise on account on September
What is the IRR of a project with initial investment : Question - What is the IRR of a project with initial investment of $800, followed by expected annual cash flow of $300, $350 and $400

Reviews

Write a Review

Financial Accounting Questions & Answers

  Statements concerning review analytical procedures

Which of the following statements concerning review analytical procedures is false?

  How to prepare the necessary journal entries to recognise

Prepare the necessary journal entries to recognise the non-controlling interest as at 30 June 2019. Giant Ltd acquired 80 percent share capital.

  1 economic entity assumption2 going concern

1. economic entity assumption2. going concern assumptionnbspnbspnbspnbsp3. monetary unit assumptionnbspnbspnbspnbsp4.

  Prepare the shareholders equity section of the statement

Assuming that the profit for the year amounted to PhP2,000,000, prepare the shareholders' equity section of the statement of financial position

  Question transfer pricing ethics goal congruence jeremiah

question transfer pricing ethics goal congruence. jeremiah industries manufactures high-grade aluminum luggage made

  Construct a statement of retained earnings for the month

Construct a statement of retained earnings for the month of August 2019 and the stockholders' equity section of the balance sheet as of August 31, 2019

  How many rights will be required to buy a share

Myers Inc. currently has 4,450,000 shares outstanding, and they trade at a price of $57.53. How many rights will be required to buy a share

  What was the approximate amount stolen during the past year

Snake Creek Company has one trusted employeewho, as the owner said, handles all of the book-keeping and paperwork for the company. This employee is responsible for counting, verifying, and recording cash receipts and payments, making the weekly bank ..

  Financial problems are suggested by high debt-equity ratio

The accounts receivable turnover ratio for the Ajax Manufacturing Company was determined to be 6. What does a turnover of 6 mean? The inventory turnover ratio of the Ajax Manufacturing Company was determined to be 4. What does a turnover of 4 mean? I..

  The converged standard on revenue recognition

The converged standard on revenue recognition

  How does the action support the theme

Provide a character profile for each character based upon what you are viewing here. Describe the action. How does the action support the theme?

  What should be the wacc for the palantir saas division

If company WACC is 15.50% and the Anduril division represents 64.00% of the firm's total value, then what should be the WACC for the Palantir SaaS division?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd