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Question 1 (8 marks) Please discuss if the following items are deductible or not. Please reference to the statutory laws and case laws if applicable.

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Question 1 (8 marks) Please discuss if the following items are deductible or not. Please reference to the statutory laws and case laws if applicable. (a) Ryan purchased a car for his business. He adopts cents per kilometre method in claiming outgoings on the car. He calculated and determined the depreciation to be $ 1,500 for the income year. (b) Steve, an accountant, paid $ 700 for CPA membership fee. (c) Chanel donated $600 to World Vision (Charity) to sponsor a child. (d) Simon paid $450 to a registered tax agent to lodge his tax return for the income year of 2019/2020 Question 3 (10 marks) The Robinson Family Trust is a discretionary family trust with two resident beneficiaries, Tom and grace. During this income year of 2019-2020, the activities of the trust gave rise to the following: $ Loss from rental property (3.000) Interest income from term deposits 2,000 Cash received from non franked dividends 9,000 A capital gain from the sale of Telstra's shares that had been 8,000 held for three years The trustee of the trust resolved to distribute 100% of the trust income to Grace. Grace also has the following income: Net Salary of $50,000 (PAYG withholding tax instalments of $5,000 have been deducted). Work-related expenses of $3,000 Grace has private hospital cover Required: Calculate the taxable income and tax payable or refundable for Grace for the income year. DIAAAAnhall II Marlinan

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