Question
Question 15 Which one of the following expenses IS deductible under Section 8-1 of the ITAA (1997)? a. a portion of the running costs of
Question 15
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Which one of the following expenses IS deductible under Section 8-1 of the ITAA (1997)?
a. a portion of the running costs of a lawyer's home where that lawyer maintained a home office for convenience to enable them to work from home one day per week.
b. annual leave expense accrued at year-end in the books of a company in respect of full-time staff;
c. an airline hostess who spends $6,000 on hairdressing and make-up so that she maintains a high standard of appearance in her job;
d. company formation costs of $1,400 incurred in setting up a new company;
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