Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

tax law Tim works as a carpenter. During the 2020 tax year, he undertook some additional training at Sydney College of Carpentry Ltd that he

tax law
image text in transcribed
Tim works as a carpenter. During the 2020 tax year, he undertook some additional training at Sydney College of Carpentry Ltd that he believes will help increase his employability as a carpenter. He incurred the following expenses related to the course: Course fees - $ 12,000 Books and other study materials - $900 Travel expenses from home to the College and back home - $1,500 . On a few occasions, he had early starts at work, so would travel straight from work to College, and then travel home- $150 On a few occasions, he couldn't find a babysitter to look after his young son, so placed him a local childcare center - $250 Required: Calculate Tim's total allowable deductions for FY20: Select one: None of the above $14,300 $14,800 $14,550

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting For MBAs

Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally

5th Edition

ISBN: 1618532324, 9781618532329

More Books

Students also viewed these Accounting questions