Determine the allowable deductions for financial year, Taxation

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Determine the allowable deductions for financial year

Response to the following problem:

You client, Rob, has the following income and deductions for the financial year ended 30 June 2015: salary, $32,000; bank interest received, $150; and allowable deductions for special work clothing, $450.

Rob's employer has deducted $2600 as PAYG tax from his salary during the year.

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Taxation: Determine the allowable deductions for financial year

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Taxation: Determine the allowable deductions for financial year

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