Advanced income tax law 17th edition peter baker text book

Question 12.7 (Calculation of Base Penalty amount)

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game expens Teree and sions'. In her 2019/20 me of $153,000 after claiming video cheryl is also subject to the Medicare Levy Surcharge (Tier 3). Cheryl has been penalised previously following an audit of her 2015/16 income tax return. calculate the likely penalties that would be imposed on Cheryl if the resulting shortfall were uncovered during ATO audit activity. QUESTION 12.7 (Calculation of base penalty amount) During an audit of his 2019/20 income tax return, Selwyn Vasic was found to have omitted $10,000 of assessable income. The tax return originally lodged by Selwyn disclosed taxable income of $125,000. Selwyn has adequate private health insurance. Calculate the likely penalties that would be imposed on Selwyn if the shortfall was the result of: . A lack of reasonable care to comply with taxation law; Recklessness as to the operation of taxation law; . Intentional disregard of taxation law. QUESTION 12.8 (Adjustment of base penalty amount) Toni Pearshape incorrectly included a deduction of $2,100 for repairs to her investment 200)