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there is two question i attach filebase on accounting i need a answers for that thank you Brian sometimes uses his car for work purposes.
there is two question i attach filebase on accounting i need a answers for that
thank you
Brian sometimes uses his car for work purposes. He provided the following information in respect of the year: Items Amount ($) Car cost 37250 Fuel 3120 Insurance 563 Repairs 742 parking fees 80 Registration 543 Speeding fine 120 Road tolls 167 Car wash 90 Brian kept a logbook for the entire year and it showed the following: Trips Km Trips between work and home 4917 km Trips between places of work 5270 km Private trips 5243 km Brian's car has a 2.2 litre engine and he prefers to depreciate it at 15% straight line. It was purchased on 1 July. a) Calculate Brian's motor vehicle deduction using each possible method. b) Which method should Brian use to minimise his tax? Answer: Question 6. Mr. Jill is an accounting student and owner of a small coffee - shop, which he purchased this year. He usually comes to you for tax return once in a year. He tried to do his quarterly GST this year (2015) and make a small mistake on the GST report form. As given below: i. ii. iii. At the total sales (G1) he wrote $ 10100.00 At the total Non-capital purchase option (G11) purchase options he wrote $ 9900.00 and He calculated his GST accordingly and report the GST without omitting the decimal point (00.00). With investigating the GST report The Auditor send him a letter informing he reported his total income $1010000 and Total Non-capital purchase of $ 990000 and requested him to provide the necessary documents about this GST reporting. Now, Jill came to you for advice as he believe that he did the right calculations. Now what would be your suggestion regarding: a. b. c. d. What was the mistake that Jill made for reporting his GST? Calculate the GST for Gill. Properly Fill up the GST form for him. What documents do Jill have to provide to ATO AuditorStep by Step Solution
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