Mackenzie owns a sausage company called Prime Sausages and lodges a quarterly BAS. The ATO has pre-printed
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Mackenzie owns a sausage company called Prime Sausages and lodges a quarterly BAS. The ATO has pre-printed on Prime Sausages BAS an amount of $9,000 at field T7 for its quarterly PAYG instalment.
However, Mackenzie has decided to cease business operations for Prime Sausages with effect from 1st January of the current income year and start a new business. As a result, Mackenzie estimates that Prime Sausages total tax for the current income year will be $24,000
Required: Complete T7, T8, T9, T4 and 5A on Prime Sausages December quarter BAS.
Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
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