FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the income year ended 30 June 2016 Nicholas received salary and wages income of $ 35,000, Interest income of $ 3.000,a net capitel guin

image text in transcribed
During the income year ended 30 June 2016 Nicholas received salary and wages income of $ 35,000, Interest income of $ 3.000,a net capitel guin of 65,000, an exempt compensation payment of 823,000 and commission income ob 84.000 whicet is Nicholas's ordinary, income that is assessable for the income yecek ended 30 June 2016

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

Auditing A Practical Approach

Auditing A Practical Approach

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

2nd Canadian edition

9781118377901, 1118377907, 1119048095, 978-1118849415

More Books

Students also viewed these Accounting questions

Question

★★★★★
A number of terms are listed below: Backflush costing.......... Carrying costs Economic order quantity....... Enterprise resource planning (ERP) Inventory management....... Just-in-time (JIT)...

Answered: 1 week ago

Question

★★★★★
Journal of Occupational and Organizational Psychology?

Answered: 1 week ago

Question

★★★★★
How would you draw the DD-AA diagram when the current accounts response to exchange rate changes follows a J-curve? Use this modified diagram to examine the effects of temporary and permanent changes...

Answered: 1 week ago

Question

★★★★★
Paste A BIU-abxX A A 2-A - A - A A 2-2 215 Font Paragraph Styles Editing Dictate Clipboard 5 Styles 5 Voite Question 2 (10 marks) (a) It is commonly accepted that there are gains from adding...

Answered: 1 week ago

Question

★★★★★
The characteristics that distinguish between batch and real-time systems include all of the following except resources used efficiency of processing file format time frame

Answered: 1 week ago

Question

★★★★★
1) A facility manager submits a request for building management to repair a broken window in their new space. What type of cost is this? 1. Direct cost 2. Fixed cost 3. Opportunity cost 4. Indirect...

Answered: 1 week ago

Question

★★★★★
Jedha, a small desert moon, can produce kyber crystals and Wookie cookies. The table is Jedha's production possibilities schedule. Production Possibilities Product A B C D E F Kyber Crystals 0 5 9 12...

Answered: 1 week ago

Question

★★★★★
Question 7: Mr. X (aged 55 years) owned a residential house in Ghaziabad. It was acquired by Mr. X on 10- 10-2007 for $6,00,000. He sold it for * 50,00,000 on 4-11-2018. The stamp valuation authority...

Answered: 1 week ago

Question

★★★★★
match the six areas of power BI with the consepts we applied in each. 1 ) create & format report visuals. 2 ) power query. 3 ) power BI service. 4 ) DAX meassures. 5 ) user experience. 6 ) data...

Answered: 1 week ago

Question

★★★★★
2. What does Smith mean by, "The complaint of the workmen, that it puts the ablest and most industrious upon the same footing with an ordinary workman, seems perfectly well Founded"? How is it...

Answered: 1 week ago

Question

★★★★★
Define workplace bullying. What are the basic forms of workplace bullying?

Answered: 1 week ago

Question

★★★★★
Explain the focus of safety programs.

Answered: 1 week ago

Question

★★★★★
Describe the consequences of musculoskeletal disorders.

Answered: 1 week ago

Previous Question Next Question