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Determine whether the following benefits are fringe benefits or exempt fringe benefits and, where applicable, the relevant category of fringe benefit.
Describe how the two residences should be designated to optimize the use of the principal residence exemption.
Calculate the amount of the minimum taxable capital gain that would be included in Ms. Stevens' net income for 2022 up to and including 2028.
During 2021, Kim sold the following assets: stock investment for a $2,000 gain. Presuming adequate income, how much of these losses may Kim claim in 2021?
Advise John whether the receipts are assessable income with reference to case law and statutory law.
Appraise the capital gains tax consequences and determine the taxable income regarding the above-mentioned transactions for the year ended 30 June 2022.
Describe your thoughts about why it is so important to be tax compliant and why or why not it is so difficult for low-income taxpayers to be tax compliant.
If the employee CPP contribution is $41.13 for a weekly pay period in 2021, how much will the employer CPP contribution for this employee be?
A taxable event is essential for the implementation of taxes. Does actual, accrual, and arisal of income make a difference in the taxable event?
What is Marsha's basis in the land received? What is Marsha's realised gain? What is Marsha's recognised gain?
Individuals who are legally blind receive an additional standard deduction. Is there a tax policy justification for the different treatment?
In Alejandro's case, who is responsible for preparing the record; what documents would be included in his record and when is it due?
Jasmeen felt badly about all of this, so she offered Wanda a notice package more than the amount to which she would ordinarily be entitled.
The employee contributed $5799 towards the petrol. Calculate the FBT to be paid by QP in relation to the car for year ended 31 March 2018.
On 1 November 1992 Mary had nice home in Sydney and also acquired second-hand yacht for $90146. Calculate the indexed cost base for Capital Gains Tax purposes.
Freddy runs a business selling clocks. He buys 9049 clocks. He is registered for GST credits. How much should he remit to the ATO once all the clocks are sold?
Pty Ltd provides a car to their employee. Calculate the FBT to be paid by QP in relation to the car for year ended 31 March 2018.
How you would assess the capital gain on each of these items and then calculate total amount to be included in his assessable income from these CGT events?
Explain the facts and analyze the legal issues, and evaluate whether the current law is functioning effectively or requires reform.
Determine Andrea's federal tax payable or refundable for 2021. For any credit she is not eligible for, you may leave the yellow box blank.
Calculate the capital cost allowance per class claimed by the company in 2021 and 2022. All the assets qualify as Accelerated Investment Incentive Property.
Discuss an article that covers provisions aimed at preventing income shifting. Include in your discussion if you think this is better suited for a worldwide.
Under what circumstances would you advise your client, the bank, that they could successfully rely on this guarantee should the young couple default on their lo
Determine the December 31, 2019 GRIP balance. Determine the Eligible RDTOH and the Non-Eligible RDTOH at December 31, 2019.
Make proper use of tax money cause we are giving it away to other countries and not building infrastructure here or doing things that benefit us.