Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

ACC 3TAX Taxation

tag 0 Download 3 Pages / 681 Words tag 02-07-2021


Marc is an Australian resident for tax purposes. He is 39 years of age, single and is employed as a fireman. Marc received the following amounts during the year ending 30 June 2016:
(i) Salary from his employer: $48,000.
(ii) 15 Days annual leave owing to her which had accrued since May 2014:$2,500.
(iii) An annual allowance of $1,000 towards travel expenses.
(iv) Compensation payments due to injuries sustained in an industrialaccident as follows

a. Workers compensation: $1,000 × 5 weeks $5,000
b. Compensation for loss of his right hand: $35,000
c. Social security disability support pension: 7 weeks $1,000
(v) Interest from the Bank of America Term Deposit Account held in America: $850. This amount is after 15% tax has been withheld by the Bank of America.
(vi) Cash: $500 and an expensive bottle of Whisky from his co-workers as a get well gesture.During the year his employer has deducted $11,500 in PAYG withholdings from his salary and workers compensation payment.

On the other hand, Marc spent $500 on firefighting gear and has kept all necessary documentation to support this expenditure. This expense will constitute a deduction.
Calculate the net income tax payable or refund due to the taxpayer for the 2015/2016 tax year. State the specific taxation rules relevant to the above events to support your arguments and calculations.

The Case of Jane Nobles
Jane Nobles aged 56 was employed by the CheeseCake Shop for 14 years as a pastry cook. On 1 April 2016 Jane received a genuine redundancy package of $85,000 from her employer due to a business restructure. She also received a payment of $5,600 in lieu of annual leave on the termination of her employment.

After a month holiday in the Greek Islands Jane decided to start a cake decorating business and signs a lease with a monthly rental of $2,500. To encourage her to sign a long term lease the property manager of the building
offered her a rent free period of six months.
a) Determine whether the above events are assessable during the year ending 30 June 2016 Ensure you state the specific legislation, tax rulings and case law to support your answer.
b) Calculate the amount of tax to be withheld by the employer due to the termination of her employment.
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Unique Document

Under Evaluation

Get Money
into Your Wallet

Total 3 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). ACC 3TAX Taxation. Retrieved from

My Assignment Help (2021) ACC 3TAX Taxation [Online]. Available from:
[Accessed 02 February 2023].

My Assignment Help. 'ACC 3TAX Taxation' (My Assignment Help, 2021) <> accessed 02 February 2023.

My Assignment Help. ACC 3TAX Taxation [Internet]. My Assignment Help. 2021 [cited 02 February 2023]. Available from:

Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!


Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on then please raise the content removal request.


5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

callback request mobile
Have any Query?
Subtraction Payment required!

Only one step away from your solution of order no.