Dr Anderson, a self-employed medical practitioner, incurred the following expenses during the year ended 30 June...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Dr Anderson, a self-employed medical practitioner, incurred the following expenses during the year ended 30 June 2021: $ 1,200 4,600 800 1,200 rewiring of the surgery due to an electrical fault repainting the entire surgery as it was badly in need of repainting total amount of repairs made to a motor vehicle (used 80% for business purposes) monthly maintenance of the photocopier machine (at $100 per month) repairing the ceiling of the surgery which was badly rotting. It turns out that the damage to the ceiling existed at the time of purchase of the surgery. replacement of ceiling fans in the surgery with air conditioning. To replace the ceiling fans with the same fans would have cost $2,000. 6,000 12,400 What is the TOTAL amount that Dr Anderson can claim for repairs under Section 25-10 of the ITAA (1997) for the 2021 income year? $3,040; $6,440; $12,440; $24,840. Dr Anderson, a self-employed medical practitioner, incurred the following expenses during the year ended 30 June 2021: $ 1,200 4,600 800 1,200 rewiring of the surgery due to an electrical fault repainting the entire surgery as it was badly in need of repainting total amount of repairs made to a motor vehicle (used 80% for business purposes) monthly maintenance of the photocopier machine (at $100 per month) repairing the ceiling of the surgery which was badly rotting. It turns out that the damage to the ceiling existed at the time of purchase of the surgery. replacement of ceiling fans in the surgery with air conditioning. To replace the ceiling fans with the same fans would have cost $2,000. 6,000 12,400 What is the TOTAL amount that Dr Anderson can claim for repairs under Section 25-10 of the ITAA (1997) for the 2021 income year? $3,040; $6,440; $12,440; $24,840.
Expert Answer:
Answer rating: 100% (QA)
Out of the expenses listedDrAnderson can claim the following for repairs under Section 2510 of the I... View the full answer
Related Book For
South Western Federal Taxation 2015
ISBN: 9781305310810
38th Edition
Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young
Posted Date:
Students also viewed these law questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
EGR, a resident company, was incorporated in 2001. The company has developed a revolutionary lithium battery for electric cars, which it manufactures in Australia and exports overseas via its branch...
-
A Friedel-Crafts acylation of anisole with acetyl chloride affords a binary product with a total mass of 1.91 grams. This product is analyzed by gas chromatograph. The chromatogram shows two product...
-
Birkland argues that the "underwear bomber" case tipped the balance in favor of using screening machines that showed a clearer image of a screened passenger's body under his or her own clothes. Take...
-
A metropolitan school system consists of two districts, east and west. The east district contains 35% of all students, and the west district contains the other 65%. A vocational aptitude test was...
-
Describe various forms of elder abuse, how to recognize it, and reporting requirements.
-
Determine the components of all forces acting on member ABCD of the assembly shown. 120 Ib E 4 in. 2 in. OC -4 in -l- 4 in.--l 2 in. 2 in.
-
Why is it important before making decisions to know the price preferred by customers when making purchases? What happens when you make price decisions that are above the price range? How does this...
-
When one hears the word entrepreneur, many faces come to mind. Elon Musk, Sara Blakely, Warren Buffet, Martha Stewart, Bill Gates, and Daymond John are just a few that might spring to mind. There are...
-
DMACC students MUST attach a copy of their writing assignment in a "Microsoft WORD document under "Attachments" on the Online Writing Submission Form. Writing Consultants will return feedback within...
-
1 a) Discuss the various types of agglomeration economies. (6 marks) b) Explain how degree of specialization leads to the growth of urban centers. (4 marks) c) Explain the approaches of determining...
-
a) Find the probability of the number of arrivals (0-5) during i) a 15 minute interval and ii) a 30 minute interval. b) Probability that the system is idle. [3 Marks] [3 Marks] c) Calculate the...
-
Provided below is the activities to be completed in order to accomplish a project. Activities 1-2 Duration in weeks Optimistic time Most likely time Pessimistic time 1 1-3 1-4 2-5 3-5 2 132132 4-6...
-
a) Describe info-gap decision theory citing its three models of decision making under uncertainty. [6 Marks] b) Kerubo is dealing with uncertain income situation. She expect to make Ksh. 20,000 per...
-
There are several Tax Credits and Deductions that reduce Tax Liability (the amount of tax you owe the government), including the Earned Income Tax Credit meant to assist those with lower earned...
-
Carla Vista Corporations fiscal year ends on June 30. The following accounts are found in its job-order cost accounting system for the first month of the new fiscal year: Raw Materials Inventory July...
-
Phosgene, COCl2, is a toxic gas used in the manufacture of urethane plastics. The gas dissociates at high temperature. At 400oC, the equilibrium constant Kc is 8.05 104. Find the percentage of...
-
Describe the three broad types of IRS audits. Give an example of an issue that each type of audit might address and indicate how frequently such audits are conducted by the IRS.
-
Esther owns a large home on the East Coast. Her home is surrounded by large, mature oak trees that significantly increase the value of her home. In August 2013, a hurricane damaged many of the trees...
-
Maureen, a calendar year individual taxpayer, files her 2012 return on November 4, 2014. She did not obtain an extension for filing her return, and the return reflects additional income tax due of...
-
Equity balances for Sen Widyaya appearing in the statement of financial positions of Widyayas Window Washing Services as at 30 June 2024, 2023 and 2022 are set out below. During 20222023, Sen...
-
A friend who has established a new Pilates studio, Core Strength, has asked you to give some advice as to the contents of financial statements. Transactions of Core Strength include: (a) contribution...
-
Month-end statement of financial position amounts for the practice of David Wei, an immigration lawyer, for 3 consecutive years are shown below. The information is complete except for the balance in...
Study smarter with the SolutionInn App