QUESTION 1 15 points For the tax year ended 30 June 2021 Paul Berger, who is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
QUESTION 1 15 points For the tax year ended 30 June 2021 Paul Berger, who is a self-employed physiotherapist, incurred the following expenses on his professional rooms, which he had acquired in July 2010: •August 2020: Repair to leaking roof $1,400 (5 marks) •September 2020: Painting outside of surgery and consulting rooms $2,800 (2 marks) - March 2021: Replacement of vinyl flooring in reception room with new improved flooring $2,500 (2 marks) April 2021: Resealing the original gravel patient car park with concrete $7,100 (4 marks) June 2021: Gardening-general garden maintenance $500 (2 marks) Required: Advise Paul Berger what deductions (if any) could be claimed in respect of the above expenditure for the tax year ended 30 June 2021. Refer to the relevant section numbers in the legislation. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). S T $11 11 11 = QUESTION 1 15 points For the tax year ended 30 June 2021 Paul Berger, who is a self-employed physiotherapist, incurred the following expenses on his professional rooms, which he had acquired in July 2010: •August 2020: Repair to leaking roof $1,400 (5 marks) •September 2020: Painting outside of surgery and consulting rooms $2,800 (2 marks) - March 2021: Replacement of vinyl flooring in reception room with new improved flooring $2,500 (2 marks) April 2021: Resealing the original gravel patient car park with concrete $7,100 (4 marks) June 2021: Gardening-general garden maintenance $500 (2 marks) Required: Advise Paul Berger what deductions (if any) could be claimed in respect of the above expenditure for the tax year ended 30 June 2021. Refer to the relevant section numbers in the legislation. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). S T $11 11 11 =
Expert Answer:
Answer rating: 100% (QA)
Deductible Expenses for Paul Berger Paul Berger can claim deductions for the following expenses for ... View the full answer
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
Students also viewed these law questions
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
David Reese purchased a factory in Broad meadows , Victoria on the 1st September 2019 for $800,000 . He also incurred an additional expense to the value of $150,000. This included machinery , valued...
-
The Qantas Group includes a sustainability report in its annual report. What key performance indicators are included in this report? Explain the different stakeholders that would be interested in...
-
Each of the following components of the business plan should be used as headings. For your chosen business: Identify the Start-Up Resource Requirements People (Explain how you will build the initial...
-
Which of the following is true regarding Medicare benefits for a long-term care facility? I. Benefits are only provided for 20 days. II. Benefits are only provided for 100 days. III. No benefits are...
-
Proton 1 , traveling in the negative \(x\) direction at speed \(v_{1}\), is directly below proton 2 , which is traveling at speed \(v_{2}\) at an angle of \(45^{\circ}\) above the positive \(x\)...
-
1. Is the Smiths loan covered by the Truth-in-Lending Act as amended by the Home Ownership and Equity Protection Act? Why or why not? 2. Do the Smiths have a right to rescind the loan two weeks after...
-
A multinational corporation is accused of environmental pollution and human rights violations in a foreign country where it operates. What legal challenges arise in holding the corporation...
-
Choose the correct answer for each of the following questions. 1. On November 15, 20X3, Chow Inc., a U.S. company, ordered merchandise FOB shipping point from a German company for ¬200,000. The...
-
Company A enters into a forward contract to purchase 16,000 barrels of oil at $48/barrel in 6 months. What is the net gain or loss if the spot price of oil is $53/barrel at expiration?
-
Compare Rigid and Affine Transformation. . Describe Fourier Transformation(U)
-
4.4 The window of a Geiger-Muller detector is made of mica and has a thickness of 0.02 kg/m (p= 2.6 10 kg/m). For mica composition, use NaAl-Si-O0(OH). a. What is the minimum electron energy that...
-
Wildhorse Company purchased merchandise inventory with an invoice price of $12400 and credit terms of 2/10, n/30. What is the net cost of the goods if Wildhorse Company pays within the discount...
-
The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1. The founder wants to know the implications of different depreciation...
-
An investor makes deposits twice a month into a fund paying interest at j4 = 6.5%. At the time of the 80th deposit, she wishes to have $100,000. What deposit is needed?
-
What is an exact differential equation? How can you verify that f(x, y) = xy y is the solution of the exact differential equation 2xydx+ (x2 1)dy = 0?
-
In a paragraph of approximately 150-200 words, analyze a film or TV/Streaming Show poster of your choosing by focusing on the ways in which representations in the poster are gendered. Include an...
-
Briefly state: (i) The case for segmental reporting; (ii) The case against segmental reporting.
-
Direct plc provided the following information from its records for the year ended 30 September 20X9: Required: Using the direct method of presentation, prepare the cash flows from the operating...
-
On 1 January 20X7 Parent Ltd acquired 75% of the ordinary shares in Daughter Ltd for £9,000 cash. The fair value of the net assets in Daughter Ltd was their book value. Assume in each case that...
-
A wind turbine works by slowing the air that passes its blades and converting much of the extracted kinetic energy to electric energy. A large wind turbine has 45-m-radius blades. In typical...
-
You are pulling a child in a wagon. The rope handle is inclined upward at a 60 angle. The tension in the handle is 20 N. How much work do you do if you pull the wagon 100 m at a constant speed?
-
A typical muscle fiber is 2.0 cm long and has a cross-section area of 3.1 10-9 m 2 . When the muscle fiber is stimulated, it pulls with a force of 1.2 mN. What is the work done by the muscle fiber...
Study smarter with the SolutionInn App