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Please answer this questions asap please Leo Pty Ltd sells a printing press which has been used solely for income-producing purposes. The termination value of

Please answer this questions asap please

Leo Pty Ltd sells a printing press which has been used solely for income-producing purposes. The termination value of the press is $15000 and its cost was $42500. At the time of sale, the computers adjustable value is $9000.

What is the balancing adjustment amount in respect of the sale?

Select one:

$15000

$42500

$0

$6000

2.

Albert is an Australian resident for tax purposes. He currently works as a waiter in a fancy French restaurant in Sydney. His total (gross) salary for the income year ended 30 June 2020 is $80,000, from which his employer withheld Pay As You Go (PAYG) income tax withholding totalling $18,617.

Albert also received tips from customers at the restaurant totalling $5,000 for the income year ended 30 June 2020.

Finally, Albert has a term deposit which has generated interest received of $500 for the year ended 30 June 2020.

$85,500

$80,500

$85,000

$66,883

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