Hari started up a new business this year selling old vinyl records. For the year ended 30 June 2022, Hari advises that his total sales were $18,000 and his expenses were $25,000. Hari has been renting a small shop in an outer suburb of Adelaide and the market value of that shop was $400,000. What is Hari's taxable income for the year ended 30 June 2022?

Answer rating: 100% (QA)

To calculate Haris taxable income for the year ended 30 June 2022 we need to determine his net incom... View the full answer