Question: Hi , can you please help me answer this case study by using the handitax? 1) Case Study John Waite isan Australian resident. He works

Hi , can you please help me answer this case study by using the handitax?

1) Case Study

John Waite isan Australian resident. He works full-time as a civil engineer foran engineering firm, Odyssey Engineering, based in Brisbane City. John lives in a three-bedroom house in Indooroopilly with his wife of seventeen years, Alison, and their two children, Zac, aged ten and Imogen, aged seven. John and Alison purchased this property in joint names in June 2016 for $1,250,000 and have lived there with their children since that date. As such, they regard this property as their main residence.

John has various investments, including shares in listed Australian companies and a rental property at Nundah, which was bought in his own name during the 2022 income year.

Required:Prepare his 2022 income tax return usingHandiTaxsoftware program with full copy and minimise his 2022 taxable income wherever legally possible.

2) Work-related car expense

John is frequently called upon to use his own motor vehicle to visit worksites where large scale engineering projects are being completed. John owns a BMW 340i M-Sports, which he purchased on 4 March 2021 (ie. in the previous income year) for $70,940.

John informs you that he maintained a logbook for a consecutive twelve-week period during the 2021 income year.At the end of the twelve weeks, the logbook revealed that John travelled a total of 3,400 kilometres, of which 952 were work-related. John tells you that this pattern of use is still relevant for the current year.

At 30 June 2021, the odometer shows a total of 4,817 kilometres representing the total distance travelled for the 119 days from 4 March 2021 to 30 June 2021.

At 30 June 2022, John advises you that the closing odometer reading of the car was 19,591 kilometres and that there was no significant or material change in business usage during the 2022 financial year from the prior year.

John personally paid the following expenses in relation to his car for the 2022 income year:

$

  1. Registration 644
  2. Insurance 1,220
  3. RACQ membership fees 82
  4. Petrol and oil 3,250
  5. Car washing 345
  6. Minor repairs and maintenance (all tax-deductible) 128

John advises you that he has kept receipts for all of the above expenses and wants to maximise any deduction in respect of his car use where possible.

On 14 May 2020, John's Queensland drivers licence expired. He pays Queensland Transport $120 to renew his driver's licence for a further 5-year period. Having a driver's licence is a condition of John's employment with Odyssey Engineering.

Required:Calculate the depreciation during the 2022 income year of the motor vehicle and the total amount that can be claimed.

The case study is no need to reply. It's the background of it, please reply the second question that about the depreciation which the rate is 25%

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