Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Car Expenses As previously mentioned in Item 2 of this assignment, Robyn is frequently called upon to use her own motor vehicle to visit students

image text in transcribed
Car Expenses As previously mentioned in Item 2 of this assignment, Robyn is frequently called upon to use her own motor vehicle to visit students on WIL (work integrated learning) assignments. For this, she received a car allowance. Robyn owns a Mazda 5 Sedan, which she purchased on 23 January 2016 for $31,000. The registration number is AYN438. Robyn informs you that she has maintained a logbook for a consecutive twelve-week period during the 2021 income year. At the end of the twelve weeks, the logbook revealed that Robyn had travelled a total of 16,200 kilometres, of which 4,420 were work-related. Robyn tells you that this pattern of use is still relevant for the current year. At her interview, Robyn advises you that she travelled 54,863 kilometres in the current income year and that there was no significant or material change in business usage during the 2022 financial year from the prior year. Robyn personally paid the following expenses in relation to her car for the 2022 income year: Robyn has kept receipts for all of the above expenses. Robyn was fully reimbursed by TUQ for the bridge tolls and parking fees totaling $457 relating to trips to visit students on WIL (work integrated leaming) assignments. Assume that Robyn wishes to maximise any car deduction claimed. For the above item, please complete the "Other Vehicles \& Travel" worksheet in HandiTax so that the markers can clearly see which expenses your group has/has not included as part of the overall motor vehicle expense figure. Car Expenses As previously mentioned in Item 2 of this assignment, Robyn is frequently called upon to use her own motor vehicle to visit students on WIL (work integrated learning) assignments. For this, she received a car allowance. Robyn owns a Mazda 5 Sedan, which she purchased on 23 January 2016 for $31,000. The registration number is AYN438. Robyn informs you that she has maintained a logbook for a consecutive twelve-week period during the 2021 income year. At the end of the twelve weeks, the logbook revealed that Robyn had travelled a total of 16,200 kilometres, of which 4,420 were work-related. Robyn tells you that this pattern of use is still relevant for the current year. At her interview, Robyn advises you that she travelled 54,863 kilometres in the current income year and that there was no significant or material change in business usage during the 2022 financial year from the prior year. Robyn personally paid the following expenses in relation to her car for the 2022 income year: Robyn has kept receipts for all of the above expenses. Robyn was fully reimbursed by TUQ for the bridge tolls and parking fees totaling $457 relating to trips to visit students on WIL (work integrated leaming) assignments. Assume that Robyn wishes to maximise any car deduction claimed. For the above item, please complete the "Other Vehicles \& Travel" worksheet in HandiTax so that the markers can clearly see which expenses your group has/has not included as part of the overall motor vehicle expense figure

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Crypto Finance Law And Regulation

Authors: Joseph Lee

1st Edition

0367086611, 978-0367086619

More Books

Students also viewed these Finance questions

Question

1. Identify three approaches to culture.

Answered: 1 week ago

Question

3. Identify and describe nine cultural value orientations.

Answered: 1 week ago

Question

4. Describe how cultural values influence communication.

Answered: 1 week ago