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Assignment on Taxation Law - doc

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Added on  2020-05-28

Assignment on Taxation Law - doc

   Added on 2020-05-28

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Running head: TAX LAWTax LawName of the StudentName of the UniversityAuthor Note
Assignment on Taxation Law - doc_1
1TAX LAWAnswer 1Answer To question 1Income Tax Calculation Year ending 2017APayable Income Tax ParticularsAmountEarned Income $18,000 Deductions NilAssessable Income $18,000.00 Tax RateExempt Rate $18200 ExemptedTax to be Paid NilbPayable Income TaxParticularsAmountTotal Income $18,000 Deductions NilTotal Assessed Income $18,000 Non-Resident TaxRate till $80000 32.50%Tax to be Paid $5,850.00 cPayable Income TaxParticularsAmountTotal Income18000Deductions NilTotal Assessed Income $18,000.00 Australian Company Tax30%Tax to be Paid $5,400.00 dPayable Income TaxParticularsAmountTotal Income 145000Deductions 0
Assignment on Taxation Law - doc_2
2TAX LAWTotal Assessed Income $145,000.00 Tax Rate for Resident Till $87000 () $17,547.00 Above $87000-145000 $58,000 Tax on $58000 @ 37%$23,735 Tax to be Paid $41,282.00 ePayable Income TaxParticularsAmountTotal Income $145,000.00 Deductions NilTotal Assessed Income$145,000.00 Tax for Non-residents Till $87000 $26,000.00 From $87001 to $180000 $23,735.00 Tax to be Paid $49,735.00 fPayable Income TaxParticularsAmountTotal Income of theCompany$145,000.00 Total Deductions NilTotal Assessed Income$145,000.00 Tax for Company30%Tax rate 30% $43,500.00 Tax To be Paid $43,500.00 gPayable Income TaxParticularsAmountTotal Income earned 265000Total Deductions NILTotal Assessed Income$
Assignment on Taxation Law - doc_3

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