Although he spends most of his day working from the office of The Brisbane Telegraph, Barry occasionally
Question:
Although he spends most of his day working from the office of The Brisbane Telegraph, Barry occasionally works from home. Barry has a small room in his house at Clayfield which he uses for the purposes of catching up on work, writing and editing stories and checking e-mails.
When you ask Barry to provide you with his electricity invoices so that a proportionate claim can be made for home office expenses, he advises that he has not kept any of these invoices.
However, Barry provides you with a diary that he has kept for four weeks during the 2020 income year, detailing the total number of hours he has worked at home. From this diary, Barry has been able to estimate that he has worked a total of 1,300 hours from his home during the 2020 income year (including periods of COVID-19 lockdowns where Barry was required by his employer to work from home).
Barry elects not to use the 80 cents per hour "shortcut method" for claiming home office expenses.
Determine assessability and deductibility income
Then please calculate the assessable income for the financial period 2020.
Expert Answer:
