Question
Luiz Fernando Marques Wagn 20:47 (h 0 minuto) paramim Isla is a foreign resident for tax purposes. Isla received rent from an investment property located
Luiz Fernando Marques Wagn
20:47 (h 0 minuto)
paramim
Isla is aforeign residentfor tax purposes. Isla received rent from an investment property located in Brisbane during the 2020 income year totaling $20,000. She also received salary from her job in London of AUD $60,000 during the income year. Isla is not married and does not have any children and had private health insurance for the whole year.
Which of the following amounts represents Isla's total Australiantax payable or refundablefor the year ended 30 June 2020? You do not have to consider Double Tax Agreements.
Select one:
a.Nil
b.$26,000.00 payable.
c.$6,900.00 payable.
d.$6,500.00 payable.
e.$19,147.00 payable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started