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April 16, 2014

Homework Help: Mathematics

Posted by CrissyXD on Friday, February 10, 2012 at 6:51pm.

Last year Jim's gross weekly pay was $920 and he received $520 in bank interest. HIs taxation deductions totalled $1370.

a) Calculate Jim's gross income for last year.

b) How much was Jim's taxable income?

c) Jim's Medicare levy was 1.5% of his taxable income. HOw much was Jim's Medicare levy last year?

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