Calculate the tax payable for Bruce Lee for the year ended 30 June 2023. Receipts: Gross
Fantastic news! We've Found the answer you've been seeking!
Question:
- Calculate the tax payable for Bruce Lee for the year ended 30 June 2023.
Receipts: | |
Gross salary (PAYG W $20,000) | $100,000 |
Fully franked dividend from FNZ Pty Ltd | $200,000 |
Rent from investment property | $35,000 |
Bank interest | $12,000 |
Payments: | |
Mortgage payment on his family home | $65,000 |
Interest payment on his investment property | $35,000 |
Rates and body corporate fees on investment property | $12,000 |
Land tax | $6,000 |
Private health insurance (family cover) | $5,600 |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: