QUESTION 3 Susan Smith is a physiotherapist that trades through a company (Smith Therapy Pty Ltd)....
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QUESTION 3 Susan Smith is a physiotherapist that trades through a company (Smith Therapy Pty Ltd). Smith Therapy Pty Ltd advertises to the public and sees a variety of unrelated small clients. She also rents a room in an unrelated medical clinic to see her clients. She has no employees. She is paid on a time basis for the services (hours worked) and the income she receives from this company is her only income. She doesn't receive any other wages or payments from any other physiotherapy business Required: a) Determine whether the income described would be classified as personal services income (PSI). (2 marks) b) Determine whether the PSI attribution rules apply to this arrangement by considering ALL the steps in the PSI tests. (14 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 16 points Save Answer QUESTION 3 Susan Smith is a physiotherapist that trades through a company (Smith Therapy Pty Ltd). Smith Therapy Pty Ltd advertises to the public and sees a variety of unrelated small clients. She also rents a room in an unrelated medical clinic to see her clients. She has no employees. She is paid on a time basis for the services (hours worked) and the income she receives from this company is her only income. She doesn't receive any other wages or payments from any other physiotherapy business Required: a) Determine whether the income described would be classified as personal services income (PSI). (2 marks) b) Determine whether the PSI attribution rules apply to this arrangement by considering ALL the steps in the PSI tests. (14 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 16 points Save Answer
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Determining PSI and Applicability of Attribution Rules for Susan Smith a Does Susans income qualify ... View the full answer
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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