Tina owns a Toyota Max used 90% for business purposes. Logbooks have been maintained to substantiate this
Question:
Insurance payment of 25,850 includes an advance payment of $12,925 for the 2023-2024 financial year. 12. Telephone expenses also include the cost of a new mobile phone costing $1,200.
REQUIRED
Complete a statement of taxable income, explanatory notes, and depreciation schedule for the company for the year ending 30th June 2023. The assignment should be completed in groups of 3 as allocated by your lecturer and the word limit for the explanatory notes is 1,000 words. Correct calculations inclusive of clear and concise explanation of calculations. Comprehensive and accurate discussion of taxation issues citing appropriate legislation, ATO Rulings, and case law. Evidence of usage of available legal material and wide reading/research. Presentation — format, spelling, vocabulary, readability. Appropriate referencing, including in-text referencing and a reference list where appropriate. P'SJ'PE-'J Engaging proactively with team members in decision-making and facilitating the achievement of agreed group outcomes. 7. Any form of plagiarism will result in a report to the business school coordinator.
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill