Classify each of the following supplies as either: GST Taxable Supplies, GST-Free Supplies or Input Taxed Supplies. Assume all suppliers are registered for GST where appropriate.

i. Sale of fresh vegetables by a vendor to a hamburger shop.

ii. Rent of a commercial premise to a doctors surgery.

iii. Loan fees charged by a finance company on a business loan.

iv. Sale of hot take-away food by a Thai restaurant.

2 marks

B. Southeast Pty Ltd is a resident private company with an average annual turnover of $5 million. During the year ended 30 June 2022, Southeast reported assessable net trading income of $878,000 and also received a fully franked dividend of $50,000 and an unfranked dividend of $10,000. Both dividends were from ASX listed (non-small business taxpayer) companies. Calculate the company tax payable by Southeast Pty Ltd for the year ended 30 June 2022.

4 Marks

C. Outline the circumstances necessary before a business partnership can split its profit other than equally to its partners.