Question 1 (20 marks) Part A (15 marks) All amounts are in Australian dollars. Ignore GST. Adam's Bookkeeping Pty Ltd (AB) is a bookkeeping company which Australian ident It started operations on 1 July 2013 and pays taken ancaming is not a small business entity for tax purposes. AB has provided you with the following extract from its al balance for the income year ended 30 June 2014 Income Dividend fried to 40 ved from.com imputation purpose Expenses 2. Legales to establish the company Bowing comfort 1201 Income producing niet ineforte ledgement of rege benestars 3.000 Christmas party for staff 100 per head the calculating For Assets le nous en 30 An 2010 work in program 7. Prepaid worker compensation cover for the period 2010 December 2018 paid on 30 2018 Bank 1000 1.000 2000 LOOD Pov for det. No bad debit habe with me 0.000 ended on 2018 Latest | 1 ccrued dwy bonus who was notified 5.000 2019 11. Acredo bon 12. Ureamed utendable commerceived in the forme for clients. July 2019rBank Unico Asume that AB's accounting profit for the income your ended 30 June 2009 5.000.000 and that the above items are the only ta ises to consider Required y reconciling from AB'y accounting profit of 51.000.000, calculate tobie income for the income year ended 30 June 2010 having reach of the twelve (12) items noted above. Provide relevant section for each item Show all adjustments including nilamounts and all working 15 marka Question 1 (cont.) Part B (5 marks) All amounts are in Australian dollars. Ignore GST. Drinkwater Investments Pty Ld (D) wan Australian resident company and carries on a property management business. Dt has provided you with the information in relation to its income for the income year ended 30 June 2009, as well as the income of Yankee Pty L (Yankee) an Australian company in which was De Income derived in the income your ended on 2010 heiny GRE.000 cours coming only be 2. Income derived in the income year ended 30 June 2010 heiny 1.100.000 councing on Valerie DP's income of 54,800,000 is made up of the Hollowing 1. Interest tomatem post 2 font Management fees & Unded dividends from interessed.com Safarked dividend from Yankee 2.000.000 500.000 200.000 1400.000 0.00 Required Calculate Distax rate for the income year ended 30 June 2005. briefly your and show a working Note: You are NOT required to calculate tax payable Smarks Question 1 (20 marks) Part A (15 marks) All amounts are in Australian dollars. Ignore GST. Adam's Bookkeeping Pty Ltd (AB) is a bookkeeping company which Australian ident It started operations on 1 July 2013 and pays taken ancaming is not a small business entity for tax purposes. AB has provided you with the following extract from its al balance for the income year ended 30 June 2014 Income Dividend fried to 40 ved from.com imputation purpose Expenses 2. Legales to establish the company Bowing comfort 1201 Income producing niet ineforte ledgement of rege benestars 3.000 Christmas party for staff 100 per head the calculating For Assets le nous en 30 An 2010 work in program 7. Prepaid worker compensation cover for the period 2010 December 2018 paid on 30 2018 Bank 1000 1.000 2000 LOOD Pov for det. No bad debit habe with me 0.000 ended on 2018 Latest | 1 ccrued dwy bonus who was notified 5.000 2019 11. Acredo bon 12. Ureamed utendable commerceived in the forme for clients. July 2019rBank Unico Asume that AB's accounting profit for the income your ended 30 June 2009 5.000.000 and that the above items are the only ta ises to consider Required y reconciling from AB'y accounting profit of 51.000.000, calculate tobie income for the income year ended 30 June 2010 having reach of the twelve (12) items noted above. Provide relevant section for each item Show all adjustments including nilamounts and all working 15 marka Question 1 (cont.) Part B (5 marks) All amounts are in Australian dollars. Ignore GST. Drinkwater Investments Pty Ld (D) wan Australian resident company and carries on a property management business. Dt has provided you with the information in relation to its income for the income year ended 30 June 2009, as well as the income of Yankee Pty L (Yankee) an Australian company in which was De Income derived in the income your ended on 2010 heiny GRE.000 cours coming only be 2. Income derived in the income year ended 30 June 2010 heiny 1.100.000 councing on Valerie DP's income of 54,800,000 is made up of the Hollowing 1. Interest tomatem post 2 font Management fees & Unded dividends from interessed.com Safarked dividend from Yankee 2.000.000 500.000 200.000 1400.000 0.00 Required Calculate Distax rate for the income year ended 30 June 2005. briefly your and show a working Note: You are NOT required to calculate tax payable Smarks
