Daniel has been working as a secondary school teacher for the whole of the 2020 year.He commenced
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Daniel has been working as a secondary school teacher for the whole of the 2020 year.He commenced his Masters in Education in February 2019 (online). His course fees for the 2020 year were $10,500. He obtained a Fee-HELP Loan to pay these fees.
In addition, he has incurred the following expenses:
Reference Books $ 195
Stationery $ 148
Travel for exams - 150 km total
Study - 10 hours per week x 40 weeks
Internet paid by house mate - $90 per month. 15% study related usage
Laptop purchased in previous year used 50% for study. Depreciation schedule for 2019 shown below.
How much can Daniel claim as a deduction at Item D4 in the 2020 year?
$675
$11,175
$823
$11,323
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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