Your client Scott Francisco has attended your office to have his 2022-year-end tax return prepared. Scott is
Question:
Your client Scott Francisco has attended your office to have his 2022-year-end tax return prepared. Scott is 39 years old, a single resident taxpayer employed as a salesperson by Solar Pty Ltd company (ABN 11 222 333 444).
The expenditure and receipts for Scott Francisco for 2021/22 comprise the following:
Receipts
Salary from Solar Pty Ltd $56,000
Car expenses reimbursed by the employer $3,400
Allowances - Clothing $400
Fully franked dividend received from QBE $1,200
Payments (all substantiated)
Uniform (non-compulsory uniform, the design has been registered with AusIndusry) $400
Suits (Scott must wear black business suits per the company policy when he visits clients) $1,200
Work-related telephone & stationery $370
Donation made to Arthritis Foundation (ABN 67 002 598 594) $200 Dental expenses for himself $1,800
Other Information
1) PAYG Tax withholding deducted from Salary of $9,540
2) Scott does not have private health insurance.
Required
1) Calculate Scott's taxable income including income and deductions details in the answer sheet provided.
2) Advise tax payable or refundable for Scott including Medicare levy and all available tax offsets (you must show all workings)
3) Complete the 2022 Individual tax return form.
Business and Administrative Communication
ISBN: 978-0073403182
10th edition
Authors: Kitty o. locker, Donna s. kienzler