Assignment Case Study and Questions
Case study: Janet Brown
Janet Brown, a 55 year-old accounts manager employed by BMA Investments Ltd in Melbourne, is one of your longstanding clients. On 23 August 2018 you receive an email from her (see below) with information for the preparation of her 2017/18 tax return.
Required: Considering the information provided in the case study above:
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.
Do part 3 and in part 1 do the medicare levy part and part 3 should be in 300 to 400 words.
Assignment Files -
https://www.dropbox.com/s/m95ie0itumn8su1/Assignment%20Case%20Study%20and%20Questions.rar?dl=0