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FNSACC502 Prepare Tax Documentation for Individuals

Question

Answered

Question 1:
James, a single resident taxpayer aged 24, completed six months of employment in Turkey on an approved overseas aid project.  He derived gross wages of AUD$35,000 from which AUD$5,000 of Turkish tax was withheld.
Rafael also derived a gross salary of $34,000 from his regular employment in Australia.  PAYG tax of $5,400 was withheld.

Required:
For the year ended 30 June 2015, calculate the following:
a.    Rafael’s taxable income.
b.    Rafael’s net tax payable or refundable.

Question 2:
Mee Kong, a Malaysian citizen, has been in Australia for 10 months on a working holiday visa during the current income year.  During that time, she has been employed as a medical research scientist and has lived in a rented apartment in Melbourne.
Required:     
a.    Determine whether Mee Kong is a resident of Australia for tax purposes.

FNSACC502 Prepare Tax Documentation for Individuals

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Management

 Attached is assignment task and it is a presentation(ppt) task in which we need 6 slides and one reference slide.The topic of the presentation is ''Superannuation savings for retirement is a growth area and represents a significant proportion of the assets accumulated in the financial system. ...

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FINA2006-Principles of Finance

Context: Assignment 3 assesses students’ understanding of risks and returns on investments, valuation of stocks and capital budgeting techniques. This is will be examined using three case studies. Instructions: You are provided with two case studies. Working in groups of three you are requi ...

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Q

Discounting Cash Flow (DCF)

Analyse the bid price as offered by the bidder on the announcement day of the merger. Your valuation should include target’s valuation on a standalone basis using either Discounting Cash Flow (DCF) method or price multiples method (P/E, EV/EBITDA, P/Sales, etc).   Describe how you wo ...

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Activity Based Costing

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