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Jeremy runs his own accounting consultancy business. During the year he incurred salary costs of $400,000 Advise Jeremy of his tax consequences in relation

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Jeremy runs his own accounting consultancy business. During the year he incurred salary costs of $400,000 Advise Jeremy of his tax consequences in relation to the above expenses. O private expense or domestic expense within the negative limbs of s 8-1 of ITAA97 denied deduction under s 26-45 of ITAA97 O deductible under s 8-1 of ITAA97

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