Principles of Taxation Law 2015 Answers to Questions CHAPTER 12 - GENERAL DEDUCTIONS (5 maiks) Question 12.1 Jeremy runs his own public relations business. During the year he incurred the following expenses: (a) salary costs of $500,000; (b) salary costs of $5,000 for his daughter who worked with him for one week as part of her university training; (c) travel expenses of $7,000 for travel between home and work; (d) travel expenses of $3,000 for travel from a client's premises to his home; (e) $1,500 on a new suit to impress his clients; (f) $700 on membership of the local sports club where he entertains clients; and (g) $8,000 in meal expenses on entertaining clients. Advise Jeremy of his tax consequences in relation to the above expenses