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Numeric Entry Carol is 70 years of age and has been an Australian resident her...

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Accounting

Numeric Entry Carol is 70 years of age and has been an Australian resident her whole life. She is single and has no dependent children. Carol has received the following income during the year. Gross payments (income statement) $37,720. RFBA (exempt employer) is $15,990. Interest is $3,769. Carol has made a personal superannuation contribution of $10,000 for which she is entitled to claim a tax deduction. She has not claimed any other tax deductions. Calculate the Low Income Tax offset Carol will be entitle to.

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