Question
Rico operates a caf in a major shopping centre. He uses his Holden to travel to suppliers and other business related meetings. During the 2021/22
Rico operates a caf in a major shopping centre. He uses his Holden to travel to suppliers and other business related meetings. During the 2021/22 tax year, Rico paid the following amounts:
- Lease Payments on Holden 8600
- Petrol 3200
- Services 1200
- Parking Meters (during private trips) 270
- Registration and Insurance 1700
- Speeding Fines (during business trips) 800
- Car Washes 290
- Road tolls(during travel fromhometoshop) 480
- Members hiptomotorists' association 60
- Car hire while on business trip to New Zealand 700
- Installation of Air-Conditioner(30June2022) 1600
- Drivers Licence 100
What is the total of Rico's car expenses for the purposes of using Division 28 methods of calculation?
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South Western Federal Taxation 2017 Comprehensive
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
40th Edition
1305874161, 978-1305874169
