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Your client Sara has attended your office to have his 2022 -year end tax return prepared. Andrew is 38 years old, single resident taxpayer employed

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Your client Sara has attended your office to have his 2022 -year end tax return prepared. Andrew is 38 years old, single resident taxpayer employed as an IT specialist by Great IT Pty Ltd (ABN 11222333 444). The expenditure and receipts for Sara for 2021/22 comprise the following: Receipts - Net salary received from employer $57,000 - Gift money from his fellow workers on birthday $120 - Allowances from employer - travel $500 - Fully franked dividend received from Qantas $1,200 (company tax rate 30\%) - 80\% franked dividend received from Elderton Homes Pty Ltd $800 (company tax rate 25\%4) - Unfranked dividend received from Lake Resources $1,100 (company tax rate 3058) - Interest from CBA bank in Sydney $400 - Interest received from Hongkong bank in Hong Kong (AUD \$900 tax withheld in Hong Kong \$1,500 - Fringe benelit received from employer $17.890 Payments (ati substantiated) - Suits (Andrew must wear a business suit as per the company policy when the visits clients) $1,200 - Work related telephone \& stationery $370 - Cost of mesliwhen required to wark overtime 512 - Computer purchosed on 31 Manch 2022 and Andrmw estimated 20 s is wsed for mork nutpoies Sisige - Dohation made to Authritii foundation \{aen 67.002598 .594}5200 - Donaticins made tip Hillsone charely in Sydnev $350 - Income protection insurance $680 - Travel costs between one to another work places for installing software program $520 Other information 1) PAYG Tax withholding deducted from gross salary $10,540 2) Andrew does not have a private health insurance. Required 1) Calculate Sara taxable income including income and deductions details 2) Advise tax payable or refundable for Sara including Medicare levy and all available tax offsets (you must show all workings) 3) Advise assessability of receipts and deductibility of payments with explanations (Wages, Gift, Allowance, Dividends, Interest, Fringe benefits, Suits, Telephone/Stationery, Computer, Oonation, Insurance and Travel costs). Include section numbers in the legislation and/or cases in your explanations. Your client Sara has attended your office to have his 2022 -year end tax return prepared. Andrew is 38 years old, single resident taxpayer employed as an IT specialist by Great IT Pty Ltd (ABN 11222333 444). The expenditure and receipts for Sara for 2021/22 comprise the following: Receipts - Net salary received from employer $57,000 - Gift money from his fellow workers on birthday $120 - Allowances from employer - travel $500 - Fully franked dividend received from Qantas $1,200 (company tax rate 30\%) - 80\% franked dividend received from Elderton Homes Pty Ltd $800 (company tax rate 25\%4) - Unfranked dividend received from Lake Resources $1,100 (company tax rate 3058) - Interest from CBA bank in Sydney $400 - Interest received from Hongkong bank in Hong Kong (AUD \$900 tax withheld in Hong Kong \$1,500 - Fringe benelit received from employer $17.890 Payments (ati substantiated) - Suits (Andrew must wear a business suit as per the company policy when the visits clients) $1,200 - Work related telephone \& stationery $370 - Cost of mesliwhen required to wark overtime 512 - Computer purchosed on 31 Manch 2022 and Andrmw estimated 20 s is wsed for mork nutpoies Sisige - Dohation made to Authritii foundation \{aen 67.002598 .594}5200 - Donaticins made tip Hillsone charely in Sydnev $350 - Income protection insurance $680 - Travel costs between one to another work places for installing software program $520 Other information 1) PAYG Tax withholding deducted from gross salary $10,540 2) Andrew does not have a private health insurance. Required 1) Calculate Sara taxable income including income and deductions details 2) Advise tax payable or refundable for Sara including Medicare levy and all available tax offsets (you must show all workings) 3) Advise assessability of receipts and deductibility of payments with explanations (Wages, Gift, Allowance, Dividends, Interest, Fringe benefits, Suits, Telephone/Stationery, Computer, Oonation, Insurance and Travel costs). Include section numbers in the legislation and/or cases in your explanations

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