An existing client of many years provides the following information for you to complete their current tax return.

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the completed return in a manner that would be accepted by the taxation office - an electronic or hard copy return.Your assessor can order the necessary forms from the taxation office.IncomeEmployer:ABC ImportsGross salary:$87,500Allowances:Allowance for company logo clothing $1,250Interest from term deposit A/C #123456:$400Tax withheld:$20,325Allowable work deductions$7,450 (receipts and log book supplied)Union fees$450Dry cleaning of work clothing$150Non-working spouse and no children.Private health membership was cancelled on July 1stof the income year.Use the table and the information provided to calculate the taxpayer's taxable income and the liability for income tax.For this exercise, use the indicated tax rates, not those that are current. The point of this assessment exercise is to show that you can correctly process a return and the currency of the applied figures is not relevant. These figures are

examples to be used for this activity and will not necessarily be accurate in terms of current ATO requirements.Assume the full allowance for company logo clothing has been spent and can be supported with tax receipts.Taxable incomeTax on this income0 - $18,200Nil$18,201 - $37,00019c for each $1 over $18,200$37,001 - $80,000$3,572 plus 32.5c for each $1 over $37,000$80,001 - $180,000$17,547 plus 37c for each $1 over $80,000$180,001 plus$54,547 plus 47c for each $1 over $180,001In this

example calculate the Medicare levy at2%, or the Medicare Levy Surcharge at the rate of 1 to 1.5% of taxable income.Complete the calculation for each tax bracket and

round all calculations to the nearest dollar.Do not usethe ATO

website

withholding calculator as that might provide a slightly different figure.

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the completed tax return. You must show that you can apply statute, regulation and precedent to a client's circumstances, develop options to resolve client related taxation matters and plan and sequence your work correctly.