Which of the following statements is LEAST consistent with the section on ‘Personal Income Tax Strategies’ in Australia:
Posted: Tue Jan 18, 2022 12:57 pm
Which of the following statements is LEAST consistent with the
section on ‘Personal Income Tax Strategies’ in Australia:
Judy has decided to stay home for a few years to raise her young
children. Her partner works full-time. She and her partner decide
to place their savings under Judy’s name in order to tax advantage
of her tax-free threshold.
David claims an allowable deduction for both the depreciation on
his car and petrol costs from travelling between home to work each
day.
Xinyi claims an allowable deduction for the course fees for her
UNSW Masters of Commerce degree that she is studying part time
while working full time. The degree that she is studying is
directly related to her work.
Sam decides to retire on 1 July rather than at the end of a
calendar year (31 December) so that any Eligible Termination
Payments that he receives (such as accrued annual leave and sick
leave) will fall in a new tax year.
section on ‘Personal Income Tax Strategies’ in Australia:
Judy has decided to stay home for a few years to raise her young
children. Her partner works full-time. She and her partner decide
to place their savings under Judy’s name in order to tax advantage
of her tax-free threshold.
David claims an allowable deduction for both the depreciation on
his car and petrol costs from travelling between home to work each
day.
Xinyi claims an allowable deduction for the course fees for her
UNSW Masters of Commerce degree that she is studying part time
while working full time. The degree that she is studying is
directly related to her work.
Sam decides to retire on 1 July rather than at the end of a
calendar year (31 December) so that any Eligible Termination
Payments that he receives (such as accrued annual leave and sick
leave) will fall in a new tax year.