Question: prepare tax documentation for individuals edition 1 8 solution QUESTION 3 . 7 ( Exempt foreign employment income with deductions ) Cain Sturrock, a 4
prepare tax documentation for individuals edition solution QUESTION
Exempt foreign employment income with deductions
Cain Sturrock, a yearold single Australian resident with private
health insurance, received the following amounts during the tax
year:
Gross Wages Australia $ PAYG tax withheld
Gross Wages USA $ USA tax deducted
Interest Australian investment
Cain had the following deductions during the year:
Work related deductions Australia
Work related deductions USA
Note Cain's employment in USA was for a continuous period of
months. He was employed as part of an approved overseas project.
Calculate Cain's taxable income for the tax year.
Calculate net tax payable by Cain for the tax year. Answer to Q
Note Please show all workinas where necessary and you may use additional space below
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