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Question Eight ( a ) Tax on Taxable Income Using the reduction method, calculate Lucy s tax on taxable income. Lucy is 4 7 and

Question Eight (a) Tax on Taxable Income
Using the reduction method, calculate Lucys tax on taxable income.
Lucy is 47 and has received the following income during the year
> $134,800 wages & salaries
> $ 2,750 bank interest
Her work expenses during the year included
> $1,561 travel to visit clients cents per kilometre (2,001 km x 0.78)
> $ 144 laundry of compulsory uniform (3 loads x 48w x $1)
> $ 850 professional association fees
> $ 120 stationery

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