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Part 1: Product To complete this part of the assessment, you must complete the following task/s to industry standards: 1. Calculate Taxable Income 2. Tax
Part 1: Product To complete this part of the assessment, you must complete the following task/s to industry standards: 1. Calculate Taxable Income 2. Tax refund and Tax payable 3. Capital Gain and Loss 4. Work plan for completing Income Tax Return Scenario: This scenario is based on the following information: Jo King, aged 58 provided the following information for the year ended 30 June 2023. Table 2jcs receipts Document ttle: FNSACCS22_AE_skiofi Paxe 4 of 2 fesource ID: SEMX 22_DO3 FNSACCS22 AE S*2Dt4 Wersion: 2022123 Note 1 For the current tax year Joe had allowable deductions of $4,100 relating to the rental property and $480 work related deductions. Note 2 Jo is single and has no private medical insurance
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