Question: This information, together with the general case study information, is to be used to complete the second part of the submission for Task 1, where
This information, together with the general case study information, is to be used to complete the second part of the submission for Task 1, where you are required to submit your excel workpaper template with the deduction sheet completed. Alison did a short course in small business management at $1,800 due to some issues that she was having with her staff. She also operates a home office and works approximately 25 hours/week over 48 weeks from that office. Alison owns a Toyota Camry motor vehicle. The car was purchased on 1 July 2021 for $38,000. During the financial year Alison travelled 25,000kms. Alison has noted that 25% of her travel is work related which is substantiated by a log book. NB: If applicable, use a DV depreciating rate of 25% for the motor vehicle. Alison has paid for all of the running costs during the year and these are as follows: Fuel $3,025 Servicing $1,100 Registration $460 Insurance $1,200 Other expenses Alison paid during the year included: Well being magazine subscription $240.00 Donation to The Smith Family $648.00 4 Donation to a Go Fund Me page for the Turkey earthquake victims $2,000.00 Preparation and lodgement of 2021 tax return by Accute Accountants $2,300.00 Penalties for not lodging her 2021 tax return on time $200.00 Payment for life insurance policy that pays out to Mark in the event Alisons death $3,500.00 Interest paid on the home loan during the financial year $25,600.00
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