please answer 5 6 7. taxation law questions.
3 If Nina ceased to be a resident on 1 December last year, what impact, if any, will this have on the calculation of tax payable? Let us assume her salary and expenses are wholly within Australia and she has no other sources of income. Gordon has $1,150,000 worth of land in New South Wales and does not reside on this land. Calculate the amount of land tax he will need to pay. How does your answer change if Gordon is a foreign person? 4 5 Advanced Questions Qiang is a student working at a caf over the busy summer holiday period and receives $25,000 in wages, $500 in tips from customers and a bottle of the finest scotch from his employer (value $125) for a job well done. How much tax will Qiang pay? Let us assume that Nina (from question 1), who is a resident individual with $133,000 in annual salary and $2,400 per annum in deductions, has a fully franked dividend of $6,000 but no HECS/HELP debt. Calculate her total tax payable, ignoring all other offsets and Medicare levies. 6 (page 549) 7 Let us assume that Nina is an Australian resident for the full tax year. In addition to her annual salary of $133,000 and her $2,400 per annum in deductions, Nina received a car from her employer for work and private use worth $30,000. Calculate her new tax payable, ignoring any relevant Medicare levies. 3 If Nina ceased to be a resident on 1 December last year, what impact, if any, will this have on the calculation of tax payable? Let us assume her salary and expenses are wholly within Australia and she has no other sources of income. Gordon has $1,150,000 worth of land in New South Wales and does not reside on this land. Calculate the amount of land tax he will need to pay. How does your answer change if Gordon is a foreign person? 4 5 Advanced Questions Qiang is a student working at a caf over the busy summer holiday period and receives $25,000 in wages, $500 in tips from customers and a bottle of the finest scotch from his employer (value $125) for a job well done. How much tax will Qiang pay? Let us assume that Nina (from question 1), who is a resident individual with $133,000 in annual salary and $2,400 per annum in deductions, has a fully franked dividend of $6,000 but no HECS/HELP debt. Calculate her total tax payable, ignoring all other offsets and Medicare levies. 6 (page 549) 7 Let us assume that Nina is an Australian resident for the full tax year. In addition to her annual salary of $133,000 and her $2,400 per annum in deductions, Nina received a car from her employer for work and private use worth $30,000. Calculate her new tax payable, ignoring any relevant Medicare levies
