2 Tax Refund or Bill Worksheet

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Calculating Tax refund or bill

1. Denise has an annual salary of $64296. Her total tax deductions were $375.
During the year she has already paid tax instalments amounting to $12430. Find
A. Her taxable income
B. Her Medicare levy
C. The tax payable on her taxable income
D. Her refund due or bill payable

2. Mark has an annual salary of $33765 and from his 2nd job he receives an
extra $11269 each year. His total tax deductions were $1254. During the year
he has already paid tax instalments amounting to $7431. Find
A. His taxable income
B. His Medicare levy
C. The tax payable on his taxable income
D. His refund due or bill payable

3. Tim has an annual salary of $196 382. His total tax deductions were $3970.
During the year he has already paid tax instalments amounting to $63782. Find
A. His taxable income
B. His Medicare levy
C. The tax payable on his taxable income
D. His refund due or bill payable

4. As a computer analyst, Rachel earns an annual salary of $74300. Last year


she earned an additional dividend of $4065 on her shares portfolio and $538
interest on savings. She had allowable tax deductions of $4387. During the year
she paid a total of $15132 in tax.
A. Her taxable income
B. Her Medicare levy
C. The tax payable on her taxable income
D. Her refund due or bill payable

5. Belinda gross fortnight pay is $1890. Her employer takes out $412 each
fortnight in tax.
A. Find her gross annual income
B. Calculate the tax payable on this income
C. Calculate how much tax she paid during the year
D. Calculate her Medicare levy.
E. Does she receive a refund or a bill?

6. Anna's gross weekly income is $950. Her PAYG tax is $260 a week.
A. Find her gross annual income
B. Calculate the tax payable on this income
C. Calculate how much tax she paid during the year
D. Calculate her Medicare levy
E. Does she receive a refund or a bill?

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