In which transaction will a capital gain arise? a. If a taxpayer receives amounts from the CGT
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Question:
In which transaction will a capital gain arise?
a. | If a taxpayer receives amounts from the CGT event which are less than the taxpayer's costs associated with that event. | |
b. | If a taxpayer receives amounts from the CGT event which exceed the taxpayer's costs associated with that event. | |
c. | If the taxpayer's costs associated with the CGT event exceed the amounts received from the event. | |
d. | Both A and B |
For the FBT year commencing 1 April 2020, the telephone bills of Jean Lock are paid by the employer. The bills totalled $660. Jean contributes $220 to the cost, and the business use is 30%.
What would be the taxable value of the benefit for FBT purposes?
a. | $503 | |
b. | $462 | |
c. | $308 | |
d. | $440 |
Related Book For
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
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