Answer the following multiple choice questions by selecting the most appropriate answer in each case. 1.1…

Answer the following multiple choice questions by selecting the
most appropriate answer in each case. 1.1 Based on the following
information, what is the tax liability of a single, resident
taxpayer for the 2017-2018 income year: _ Gross salary from
employment, $50,000. _ PAYG withheld from gross salary by employer,
$8,000. _ Interest received from a bank savings account, $450. _
The taxpayer has sufficient private patient hospital insurance. _
The taxpayer is 29 years old.
a. $8,000.00 refund b. $709.00 tax payable c. $952.25 tax
payable d. $56.75 refund
1.2 Hamilton is single and a resident taxpayer. During the
2017-2018 income year, he earns royalties of $6,000 from a source
in the United Arab Emirates. Assuming there is no tax treaty
between Australia and the United Arab Emirates and that royalties
are not taxed in the United Arab Emirates:
a. Hamilton will not be liable for tax on the royalties since it
has a source outside of Australia.
b. Hamilton will be eligible to claim a foreign income tax
offset for the royalties, against his taxes payable in
Australia.
c. Hamilton will include the royalties in his taxable income in
Australia.
d. Since there is no tax treaty between Australia and the United
Arab Emirates, Hamilton will only have to declare the royalties to
the tax authorities in the United Arab Emirates.
Also need the cauculation process thank u

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