Pat operates a medical practice in Bendigo and incurred the following expenses for the year ended 30
Question:
Pat operates a medical practice in Bendigo and incurred the following expenses for the year ended 30 Jun 2020: Paid $800 for a gym membership. She believes that by keeping fit and healthy she performs better as a Doctor. Paid $1,000 per week for 52 weeks to her husband James for performing bookkeeping services to the practice. James works a standard 5 hours per week on the practice books. Pat had been paying a bookkeeping service $80 per hour for the same service. Accrued a provision for long service leave of $7,600 in respect of her employees' unused leave as at 30 June 2020. Based on these expenses, what amount can Pat claim as a tax deduction for the year ended 30 June 2020?
a). $28,400
b). $20,800
c). $52,000
d). $31,200
e). $29,200
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett