Question: THIS IS A CALCULATION STYLE QUESTION During the year ended 3 0 Jun 2 0 2 3 , Vangie, a resident of Australia, has received

THIS IS A CALCULATION STYLE QUESTION
During the year ended 30 Jun 2023, Vangie, a resident of Australia, has received rents of $40,000 and WAGES of $24475.
She also receives a fully franked dividend of $35,000 from a Company that pays tax at the 30% tax rate
Her allowable deductions (expenses) for the year are $3787.
Required:
Calculate her taxable income.
Enter your answer as numerals only eg 999999
Round to the nearest dollar
Answer:
THIS IS A CALCULATION STYLE QUESTION During the year ended 30

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Question 1: During the year ended 30 June 2019, Neil, a resident of Australia, receives a $100,000 dividend franked to 100%. He has also earned bank interest of $44,500 and a salary of $140,000. He...

Q:

Hi Vjvgoe, Are you able to help me with this problem please? I would need to see it 7/16/17 since it's due that same week but I will put the deadline on 7/29/17. I have attached all of the...

Q:

Using the link attach create a master budget. This assignment is to be submitted using an Excel XLS or XLSX workbook. Each budget schedule is to be contained on a separate spreadsheet tab. You are to...

Q:

Hello Vjvgoe, I have attacked the template I'm required to use to create the master budget for "Frenchies Prompt". I would need like an initial starting process so I can grasp the information little...

Q:

Hello Vjvgoe, I have attacked the template I'm required to use to create the master budget for "Frenchies Prompt". I would need like an initial starting process so I can grasp the information little...

Q:

Please complete master budget excel worksheet per the instructions from the pdf document. Thank you! Buns Bakery Basic Information For Year Ended December 31, Year 2 Case Data Sales Information:...

Q:

Please help me with creating a master budget for Frenchies regional bakery. Attached is the background and excel attachment to. Buns Bakery Basic Information For Year Ended December 31, Year 2 Case...

Q:

Please complete master budget excel worksheet per the instructions from the pdf document. Thank you! Buns Bakery Basic Information For Year Ended December 31, Year 2 Case Data Sales Information:...

Q:

Hello. Can you please help me fill out this excel master budget sheets (all tabs) using the instructions from the pdf attachment? Thank you! Buns Bakery Basic Information For Year Ended December 31,...

Q:

Hello. Can you please help me fill out this excel master budget sheets (all tabs) using the instructions from the pdf attachment? Thank you! Buns Bakery Basic Information For Year Ended December 31,...

Q:

Exhibit 12-9 shows a screen capture from Great Plains accounting software. The following modules in Great Plains are shown: Financial Sales Purchasing Inventory Payroll Manufacturing Fixed Assets For...

Q:

A connecting rod having a mass of 3.6 kg is shown in Figure. It oscillates with a frequency of 40 cycles per minute when supported on a knife edge, as shown. Its mass center is located 0.15 m below...

Q:

Question 3 8 1 pts What factor is MOST responsible for the high growth rate of the Latino population? All are true High birth rates Longer life spans High immigration rates

Q:

In this example, what's wrong with the formula in cell B 5 ? Captionless Image It should use division instead of multiplication. Nothing. This formula is correct. Without parentheses, multiplication...

Q:

Compare different frameworks for HRD evaluation

Q:

Describe ways technology is used to provide and improve HRD programs

Q:

Determine when various training techniques are more or less effective in different situations