Jeremy runs his own public relations business. During the year he incurred travel expenses of $2,000...

 

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Jeremy runs his own public relations business. During the year he incurred travel expenses of $2,000 for travel from a client's premises to his home; Advise Jeremy of his tax consequences in relation to the above expenses. O private expense or domestic expense within the negative limbs of s 8-1 of ITAA97 O denied deduction under s 26-45 of ITAA97 O deductible under s 8-1 of ITAA97 Jeremy runs his own public relations business. During the year he incurred travel expenses of $2,000 for travel from a client's premises to his home; Advise Jeremy of his tax consequences in relation to the above expenses. O private expense or domestic expense within the negative limbs of s 8-1 of ITAA97 O denied deduction under s 26-45 of ITAA97 O deductible under s 8-1 of ITAA97

Answer rating: 100% (QA)

a Salary cost of 500000 can be deduction as it is necessary incurred in carrying on ... View the full answer