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Calculate the tax payable for Bruce Lee for the year ended 30 June 2023. Receipts: Gross salary (PAYG W $20,000) $100,000 Fully franked dividend
- Calculate the tax payable for Bruce Lee for the year ended 30 June 2023.
| Receipts: | |
| Gross salary (PAYG W $20,000) | $100,000 |
| Fully franked dividend from FNZ Pty Ltd | $200,000 |
| Rent from investment property | $35,000 |
| Bank interest | $12,000 |
| Payments: | |
| Mortgage payment on his family home | $65,000 |
| Interest payment on his investment property | $35,000 |
| Rates and body corporate fees on investment property | $12,000 |
| Land tax | $6,000 |
| Private health insurance (family cover) | $5,600 |
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To calculate Bruce Lees tax payable for the year ended 30 June 2023 well need to consider his income ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
