At the end of the 2024-2025 financial year, Hannah had a gross annual salary of \(\$78\,500\). She had allowable tax deductions totalling $2,300 for work-related expenses.

\(\begin{array} {|l|l|}\hline \rule{0pt}{2.5ex}\text{ Taxable income}\rule[-1ex]{0pt}{0pt} & \text{ Tax payable}\\\hline \rule{0pt}{2.5ex}\text{\$0 – \$18 200}\rule[-1ex]{0pt}{0pt} & \text{Nil}\\\hline \rule{0pt}{2.5ex}\text{\$18 201 – \$45 000}\rule[-1ex]{0pt}{0pt} & \text{16 cents for each \$1 over \$18 200}\\\hline\rule{0pt}{2.5ex}\text{\$45 001 – \$135 000}\rule[-1ex]{0pt}{0pt} & \text{\$4288 plus 30 cents for each \$1 over \$45 000}\\\hline\rule{0pt}{2.5ex}\text{\$135 001 – \$190 000}\rule[-1ex]{0pt}{0pt} & \text{\$31 288 plus 37 cents for each \$1 over \$135 000}\\\hline\rule{0pt}{2.5ex}\text{\$190 001 and over}\rule[-1ex]{0pt}{0pt} & \text{\$51 638 plus 45 cents for each \$1 over \$190 000}\\\hline\end{array}\)

The Medicare levy is 2% of taxable income. During the year, Hannah paid $1,250 per month in Pay As You Go (PAYG) tax.

Determine whether Hannah will receive a tax refund or owe money to the Australian Taxation Office. Justify your answer with calculations.    (4 marks)

At the end of the 2024-2025 financial year, Priya's taxable income was $92 400.

1. The table shows the income tax rate for Australian residents for the 2024-2025 financial year.

\begin{array} {|l|l|}
\hline
\rule{0pt}{2.5ex}\text{    Taxable income}\rule[-1ex]{0pt}{0pt} & \text{    Tax payable}\\
\hline
\rule{0pt}{2.5ex}\text{\$0 – \$18 200}\rule[-1ex]{0pt}{0pt} & \text{Nil}\\
\hline
\rule{0pt}{2.5ex}\text{\$18 201 – \$45 000}\rule[-1ex]{0pt}{0pt} & \text{16 cents for each \$1 over \$18 200}\\
\hline
\rule{0pt}{2.5ex}\text{\$45 001 – \$135 000}\rule[-1ex]{0pt}{0pt} & \text{\$4288 plus 30 cents for each \$1 over \$45 000}\\
\hline
\rule{0pt}{2.5ex}\text{\$135 001 – \$190 000}\rule[-1ex]{0pt}{0pt} & \text{\$31 288 plus 37 cents for each \$1 over \$135 000}\\
\hline
\rule{0pt}{2.5ex}\text{\$190 001 and over}\rule[-1ex]{0pt}{0pt} & \text{\$51 638 plus 45 cents for each \$1 over \$190 000}\\
\hline
\end{array}

1. Using the table, calculate Priya's tax payable.   (3 marks)
   

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2. The Medicare levy is 2% of taxable income.
3. Calculate the Medicare levy payable by Priya.   (1 mark)
   

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