Hi, I am a single person without health insurance. Last year my taxable income was $105,000 and I was charged $3015.36 in medicare levy and surcharges. Is this correct? I thought the medicare levy surcharge was 1-1.5%.
Yes. Medicare levy is 2% of taxable income and the Medicare levy surcharge is 1% of taxable income. Total 3%
Yes. Medicare levy is 2% of taxable income and the Medicare levy surcharge is 1% of taxable income. Total 3%
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