Tax question - medicare levy
So i just got my notice of assessment.
At the bottom it says Your Medicare levy surcharge, included in Medicare levy and surcharges, is $1,015.05 which is 1.00% of your income for Medicare levy surcharge purposes.
However in the actual calculations Medicare levy and surcharges is listed as 3,045.15 - which is 3x this amount.
Can someone explain the discrepancy?
Posted Oct 1, 2024, 9:19 AM UTC
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