Taxation Assignment: Individual Tax Return
10 Pages2613 Words76 Views
Added on 2020-05-28
Taxation Assignment: Individual Tax Return
Added on 2020-05-28
ShareRelated Documents
Page 1 of 10Individual Tax Return 2017Mr Donald JensenTFN: 881 156 217Income1Salary or wagesYour main salary and wage occupationManaging directorOccupation codeX222222PayerAllowancesLump ALump BTax WithheldGrossMr Donald JensenABN: 84 111 122 223RFBA:1188 RESC:1000038130Total tax withheldAdd up theboxes.$3811DividendsUnfranked amountS17,000Franked amountT4,230Tax file number amountsV0Franking creditU1,813withheld from dividendsCompanyUnfrankedFrankedImp CredTFN AmtBHP17,000.00CBA1,990.00852.86COH1,300.00557.14FLT400171.43MYR385.96165.41TLS15566.43Only used by taxpayers completing the supplementary sectionLOSSTransfer the amount from TOTAL SUPPLEMENT INCOME OR LOSS-1,38,119/ LLOSSTOTAL INCOME OR LOSSAdd up the income amounts and deduct any loss amount in the boxes.-1,14,946/ LDeductionsD1Work related car expensesA9,533CLAIMB/D3Work related uniform, occupation specific or protectiveC450/ CLAIMCclothing, laundry and dry cleaning expensesDry cleaning of work suits450CD5Other work related expensesE3,170Association Financial advisor840Money magazine110Vogue Living120Loan600Sensitive (when completed)
Page 2 of 10Individual Tax Return 2017Mr Donald JensenTFN: 881 156 217Insurance policy1,500D7Interest deductionsI15,000Interest on loan15,000D8Dividend deductionsH1,40,000Fully Franked Dividend1,40,000D9Gifts or donationsJ3,200Greenpeace trust1,000Australian Kidney Foundation1,000Sea Shepherd1,200Only used by taxpayers completing the supplementary sectionTransfer the amount from TOTAL SUPPLEMENT DEDUCTIONS12,000TOTAL DEDUCTIONSItemsD1toadd up theboxes#######LOSSSUBTOTALTOTAL INCOME OR LOSSlessTOTAL DEDUCTIONS-2,98,299/ LSubtract amounts atFandZitem L1LOSSTAXABLE INCOME OR LOSSfrom amount at SUBTOTAL$-2,98,299/ LOnly used by taxpayers completing the supplementary section1,200Transfer the amount from TOTAL SUPPLEMENT TAX OFFSETS.TOTAL TAX OFFSETSItems T2 and—add up the boxesU1,200Medicare levy related itemsReduction based on family incomeNumber of dependent children and studentsY0M1Medicare levy reduction or exemptionCLAIMExemption categoriesIf you complete this item and you had aspouseFull 2.0% levy exemption - number of daysV/during 2016-17 you must also completeSpouseTYPEdetails—married or de facto.Half 2.0% levy exemption - number of daysWM2Medicare levy surcharge(MLS)THIS ITEM IS COMPULSORYIf you do not complete this item you may be charged the full Medicare levy surcharge.For the whole period 1 July 2016 to 30 EPrintY for yesSensitive (when completed)
Page 3 of 10Individual Tax Return 2017Mr Donald JensenTFN: 881 156 217June 2017, were you and all your dependants(including your spouse) - if you had any- covered by private patient HOSPITAL cover?orN for no.Number of days NOTAliable for surchargePrivate health insurance policy detailsYou must read Private health insurancepolicy details in the tax return instructions before completing this item.Fill all the labels below unless directed in the instructions.HealthBBUPMembershipC142536insurer IDnumberYour premiums eligible forJ1,260Your Australian GovernmentK113Australian Government rebaterebate receivedCODEBenefit codeL30Tax claimcode. Read theAtax return instructions.Income testsYou must complete this section.If you had a spouse during 2016-17 youmust also complete Spouse details – married or de facto on page 7.IT1Total reportable fringe benefits amountsIf the amount is zero, write 0.Total reportable fringe benefits amounts1,188(for ATO validation only)Employers exempt from FBT under section 57A of the FBTAA 1986N0Employers not exempt from FBT under section 57A of the FBTAA 1986W1,188IT2Reportable employer superannuation contributionsT10,000IT3Tax-free government pensionsU0IT4Target foreign incomeV0IT5Net financial investment lossX1,16,957Net dividends - Items 11, D81,16,957LNet investment income or loss - Item 130Income or loss from Investment Business - Item 150Income from Investment Business - Item 160Foreign income or loss from foreign investments - Item 200Net Forestry Managed Scheme Investment - Items 23, D140Sensitive (when completed)
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Taxation Assignment- Individual Tax Return - Deskliblg...
|10
|2607
|208
Taxation Law Assignment: Individual Tax Returnlg...
|10
|2612
|72
Individual Tax Return (Doc)lg...
|15
|2614
|118
Individual Tax Return 2018 for Miss Garima Singhlg...
|3
|1330
|200
Transfer of the amount from TOTAL SUPPLEM to Westpac shareslg...
|5
|1361
|130
Individual Tax Return 2018lg...
|7
|2585
|183