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Prepare Income Tax Returns for Individuals Add in library

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(A) Calculate 4 financial ratios from the information given. (B) How can these ratios be used to test for reasonableness? Part 2 (15 marks) (A) Jason receives wages from 2 companies in 2011 as follows: > From AB Pty Ltd he receives $35,000. AB Pty Ltd has a ruling from the ATO that they are operating a personal services business. The company has a taxable income of $4,000. > From CD Pty Ltd he receives $40,000. The director of the company has not applied for an ATO ruling as they ha ...

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Tags: Australia  Victoria  Open colleges Accounting Accounting 

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