Green Pty Ltd is a resident gardening company registered with the following information:

TFN:859 376 213

ABN: 79 512 647 864

ACN:86 572 314 719

The following is the financial information for the year ended 30 June 2017.

GST (where it is applicable) has not been removed from the following amounts.

Depreciation (for tax purposes) was reported to be $5,500 for the current year.

Income:

Sales

345,000

Exempt income

10,000

Dividends (fully franked)

10,260

Interest received

900

Compensation from a client who failed in a legal suit to obtain damages from Green Pty td for alleged property damage.

4,000

Net capital gain

4,000

Expenses:

Advertising (print, net, signage, flyers)

1,000

Bad debts

900

Bank Charges

150

Capital expenditure (qualifies for immediate deduction)

3,000

Cost of sales

60,000

Sub-contractor expenses

23,000

Depreciation expenses

2,000

Electricity

800

Entertainment

2,000

Environmental protection (disposal of chemicals)

600

Fines (speeding and parking tickets)

500

Insurance

600

Interest expenses within Australia

1,200

Lease expenses within Australia

4,000

Motor Vehicle 3^rd Party insurance

550

Motor Vehicle expenses (petrol & maintenance)

4,000

Motor Vehicle Registration

1,200

Rent expenses

11,800

Stationery & Office supplies

200

Tea, coffee, sugar & milk for staff use

100

Telstra (Phones & Internet)

2,000

Wages

45,000

Calculate the net tax payable/ refundable situation for Green Pty Ltd (include references, calculations & assumptions)

1.Calculation should follow Australia Tax law .2.I will upload a criteria sheet. includinga.The requested outputs

b.Worksheet containing assumptions, explanations and calculations.c.Relevant legislation and / or case law and / or rulings.3.Please work with excel software.