Tax Assignment Question Answer 2022

Running head: TAX ASSIGNMENT
Taxation Assignment
Name of the Student
Name of the University
Author Note

TAX ASSIGNMENT1
Table of Contents
Answer to Question 1...................................................................................................................2
Answer to Question 2...................................................................................................................3
Answer to Question 3...................................................................................................................4
Answer to Question 4...................................................................................................................5
References....................................................................................................................................6

TAX ASSIGNMENT2
Answer to Question 1
Income Tax Liability of Piper in respect of CIY
Particulars $ $
Salary Income 90000
Additional salary from Baccalaureate University 25000
Other Income
Woolworths voucher 500
Superannuation amount transferred from South
Africa
-
Income from meals cooked 100
Less: Deductions from the income
PAYG from Piper's salary (20747)
PAYG withheld from additional salary (8125)
Depreciation on printer (83)
Costs incurred on law degree (5000)
Travelling expenses (672)
Fees for practising certificate (1200)
Amount incurred on books (450)
Taxable income for the year 79323
Income Tax for the year 17327