Question
a) Blue is a resident accountant employed by Pippi Ltd. The following transactions were all because of Blues employment. For each of the transactions indicate
a) Blue is a resident accountant employed by Pippi Ltd. The following transactions were all because of Blues employment.
For each of the transactions indicate which amounts are to be included in Blues assessable income or not by typing the appropriate 'Yes' or 'No' option in the table provided.
[Answer here]
| Net weekly wages totalled $45,000 for the year. |
|
| Reimbursement of out-of-pocket travel cost of $1,500 incurred during employment. |
|
| Total PAYG tax withheld from weekly wages from Pippi and forwarded to the ATO $15,000. |
|
| Superannuation contributed $9,500 to Pippi Super Fund on behalf of Blue. |
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Marketing
Authors: Roger Kerin, Steven Hartley, William Rudelius
16th Edition
1264218753, 978-1264218752
