LAST week’s article on tax, Get Your Act Together by Mike Hanley, contained some inaccuracies.
A tax return is usually between 17 and 48 pages, not up to 180 pages as stated.
The Medicare rebate provides a 20 per cent refund of out of pocket medical expenses over $1500.
The article stated that the Medicare levy is calculated on taxable income above $6000. This was incorrect.
The Medicare levy is calculated on the entire taxable income, unless you earn less than $16,284, in which case the levy is waived.
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