Client Number: 0023781 Client’s Preferred Name: Lan Client Meeting:…
Question Answered step-by-step Client Number: 0023781 Client’s Preferred Name: Lan Client Meeting:… Client Number: 0023781Client’s Preferred Name: LanClient Meeting: 12 July 2022 In addition to the crypto-activities outlined above, Lan has the following activities relating to her 2022 tax return. Gross Salary of $89,000 relating to her employment as a Technology consultant with J&I Consultants, ABN 12 345 678 910. PAYG of $33,000 was withheld.Travel allowance of $10,000 relates to the expectations of her work to meet clients.Interest income of $200 relates to her Australian bank account.Lottery winnings of $12,000.$800 in work-related phone bills that her employer has reimbursed.Employer provided laptop valued at $3,000 that she uses for work purposes.Private health insurance for the full 2022 income year. Determine Lan’s taxable income, basic tax payable and liability to both the Medicare Levy and Medicare Levy surcharge by completing the following question set. Complete Lan’s tax return using the following tax return extract 1. Salary or wages Payer’s Australian Business NumberTax Withheld Income C $ 2. Allowances, earning tips, directors’s fees etcTax Withheld Income K $ 5 Australian Government allowances and payments like Newstart, Youth Allowance, JobSeeker and Austudy paymentsTax Withheld Income A $ TOTAL TAX WITHHELD 10 Gross interestTax file number amounts withheld from gross interest M $Income L $ 18 Capital gains Did you have a capital gains tax event during the year?Toal current year capital gains Net capital losses carried forward to later income years Net Capital gain Taxable income or loss Law Social Science Tax law LAW 2453 Share QuestionEmailCopy link Comments (0)
