Question
SELF EDUCATION DEDUCTIONS (Textbook Chapter 7) Sally is a trainee accountant. The terms of her employment require her to study business at Notre Dame University.
SELF EDUCATION DEDUCTIONS (Textbook Chapter 7) Sally is a trainee accountant. The terms of her employment require her to study business at Notre Dame University. Her income and expenditure for the year ended 30 June 2022 is as follows: Salary: $35,000 Expenses: HELP liability $1,300 Travel expenses home to university and return $280 Travel home to work Travel- work to university Travel- University to home Books (for study purposes) Childcare during evening classes $60 Stationery $30 Calculate Sallys taxable income for the year ended 30 June 2022. $200 Provide legislative references and explain your conclusions.
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