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ACC3TAX Taxation

tag 0 Download 10 Pages / 2,290 Words tag 21-07-2021

Question:

A) Prepare Janet Brown’s statement of taxable income and calculate her total tax liability (including Medicare Levy) for the year ending 30 June 2018. State all calculations and include explanatory notes and supporting schedules, applying legislation and case law.

B) Prepare a letter of advice on the tax consequences in relation to the legal fees and damages paid by Janet for
the year ending 30 June 2018.

C) Write a short explanatory note to BMA explaining any tax liabilities that may arise in connection with the provision of benefits to Janet Brown. State relevant calculations and applicable legislation. 
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