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Magda is a resident taxpayer in Australia who is married to Boris who is presently unemployed. Magda has a HELP

liability of $5500 which she incurred while completing her arts degree at the University of Berry. Her taxable income in the current year is $27,000 and she is provided with a reportable fringe benefit of $27000. Her employer also paid reportable employer superannuation contributions of $3400 into her superannuation fund. Magda owns a residential rental property where the deductible expenses associated with the property exceed the income from the property by $3500. Magda also owns a commercial property where the assessable income associated with the property exceeds the allowable deductions by $5600.What amount of HELP repayment will she be required to make under the tax system for the income year ended 30 June 2018?

Select one:

a. $2 992.50

b. $5 500.00

c. $2 380.00

d. $0

e. $2 296.00

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