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Linda Evans, a well-known interior designer originally from the United States, arrived in Australia on 1 August 2023, holding an unrestricted work permit. She had
Linda Evans, a well-known interior designer originally from the United States, arrived in Australia on 1 August 2023, holding an unrestricted work permit. She had accepted a position with Lifestyle Designs Pty Ltd for a duration of ten years. As an enticement to join the company, Lifestyle Designs Pty Ltd arranged for Linda to have a stopover in Tokyo, allowing her to reconnect with old friends. The stopover incurred a cost of $5,000. For the year ended on 30 June 2024, Linda received a salary of $200,000. In addition to her salary, she was eligible for a bonus of $60,000 for the financial year 2024 as part of the company's incentive program. However, the bonus was not paid to her until 2 July 2024. Discuss Linda's residency status for Australian tax purposes for 2023/2024 and explain the tax implications of the following transactions: - Stopover incurring a cost of $5,000 - Salary of $200,000 - Bonus of $60,000
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