Question: During the year ended 3 0 Jun 2 0 2 0 , Ms Ria, a resident of Australia, has received rents of $ 2 7

During the year ended 30 Jun 2020, Ms Ria, a resident of Australia, has received rents of $27186 and salary of $62592, Her allowable deductions for the year are $4620.Required:Calculate her taxable income.Enter your answer as numerals only eg 999999

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Can anyone double check my work on the journal entries. I believe the totals at the bottom of the worksheet are supposed to be equal and only one set of mine are. i posted the transactions and...

Q:

i need the income statement, changes in retained earnings, and balance sheet completed using the following information and I also posted pictures of the questions on the sheets that i need completed...

Q:

please help with 32-39 Transaction Description of transaction 01. June 1: Byte of Accounting, Inc, acquired $86,400 in cash from Lauryn and issued 3,200 shares of its common stock. 02 June 1: Byte of...

Q:

Background Harvey Ngiam graduated with a business administration degree. He is a marketing strategist. Ingrid Chiam graduated with an accountancy degree. She is a full-time housewife after being...

Q:

Background Harvey Ngiam graduated with a business administration degree. He is a marketing strategist. Ingrid Chiam graduated with an accountancy degree. She is a full-time housewife after being...

Q:

Hi Vjvgoe, Are you able to help me with this problem please? I would need to see it 7/16/17 since it's due that same week but I will put the deadline on 7/29/17. I have attached all of the...

Q:

It is 1 0 th September 2 0 2 3 . You are a member of the Tax Department of MTax Consultants, a long - established firm of accountants and tax practitioners in Limerick. The prestigious Limerick -...

Q:

Hello Vjvgoe, I have attacked the template I'm required to use to create the master budget for "Frenchies Prompt". I would need like an initial starting process so I can grasp the information little...

Q:

Hello Vjvgoe, I have attacked the template I'm required to use to create the master budget for "Frenchies Prompt". I would need like an initial starting process so I can grasp the information little...

Q:

Using the link attach create a master budget. This assignment is to be submitted using an Excel XLS or XLSX workbook. Each budget schedule is to be contained on a separate spreadsheet tab. You are to...

Q:

A friend of yours recently opened Abracadabra, a sportswear shop specializing in monogrammed athletic gear. Most merchandise is special ordered for customers. However, a small inventory is on hand....

Q:

How much difference is there between the optimal integer solution and the linear optimization solution? Would rounding the continuous solution have provided the optimal integer solution? Implement...

Q:

To construct a Covered Call Buywrite strategy on MSFT stock, an investor should: a . Buy MSFT stock only b . Short Call option on MSFT only c . Short Call option on MSFT and Buy MSFT stock...

Q:

Please help fix the problem. Using linux to compile and run the program (C). CODE: #include const int SIZE = 100; struct Employee { char last_name[SIZE]; double pay_rate; }; void...