Advise janey whether she is entitled to get deductions

Assignment Help Taxation
Reference no: EM133412617

Janey is an accountant who works at an accounting firm in Brisbane. She is a member of a professional association for which she pays an annual fee of $750, and she is undertaking professional accounting qualifications for which she pays fees of $ 1,500. She is also undertaking a postgraduate degree in multi-media studies at a university for which she pays a course fee of $2,300. She is undertaking this course as she hopes to eventually become a financial journalist as she has gained enough practical experience at her accounting firm. Janey's employer requires her to dress appropriately at work, and last year, she spent $900 on makeup and $2,500 on a designer work suit. Janey also has a one-day-per-week part-time job at a nightclub, which starts as soon as she finishes her accounting job on Friday nights. The nightclub is far away from the city, and she, therefore, drives her car. On all the other days of the week, Janey takes a train between home and work and spends $145 per week on tickets.

Required:

Advise Janey whether she is entitled to get deductions for any of the above expenses.

Reference no: EM133412617

Questions Cloud

Describe ways to reduce hidden costs in mro logistics : Describe ways to reduce hidden costs in MRO's logistics. Explain the differences between logistics support provided by MRO and Original Equipment Manufacturer
Will this power bar compliance with section 2056 : Will this power bar compliance with section 2056(b)(7)? See Priv. Ltr. Rul. 8706008 (relying on Rev. Rul. 85-35, 1985-1 C.B. 328); Priv. Ltr. Rul. 8503009
Explain the theoretics between institutional theory and tax : Explain the theoretics between institutional theory and tax transparency. include academic citations please.
How does the concept of moving cheese relate to the changing : How does the concept of "moving cheese" relate to the changing world in which every individual and business must adapt? What forces act as stimulants to change?
Advise janey whether she is entitled to get deductions : Advise Janey whether she is entitled to get deductions for any of the above expenses - Janey takes a train between home and work and spends $145 per week
What is their taxable income for 2022 : If the Reynolds have itemized deductions of $26,610 what is their taxable income for 2022
What portion of each cash distribution is dividend : Assume that is was possible to point to a specific event in the current year which caused the current deficit. How would this affect your answer
What leadership and workforce development strategies : What leadership and workforce development strategies can leaders and managers in the manufacturing industry adopt to address the shortage of skilled labor
What is rolphs adjusted gross income : Cash prize award in contest $1,500 What is Rolph's adjusted gross income - Rolph Carlyn, age 22, is a full-time student at Morgan State University

Reviews

Write a Review

Taxation Questions & Answers

  Prepare form 1041 including any needed schedule

Prepare Form 1041 including any needed Schedule K-1s for the Jenny Justice Trust. Ignore alternative minimum tax (AMT).

  Prepare a revenue table for gelato

Prepare a Revenue table for gelato, for each month and prepare a Profit Summary per month, for each gelato flavour.

  What is the alexandras taxable income for year 2022

Alexandra, a cash basis taxpayer who turned 58 in 2022, takes care of her elderly parents and provides more than half of the support to them.

  What are the advantages of the tax registration number

What are the advantages of the Tax Registration Number (TRN)? Are there any dis-advantages Discuss. There are six 'badges of trade', briefly explain

  What nontax factors should jessica

Compute the after-tax cash flow from a sole proprietorship if she withdraws 50 percent of the profits from the business the first year and what nontax factors should Jessica consider in making this decision

  If a taxpayer is dissatisfied with a notice of assessment

If a taxpayer is dissatisfied with a notice of assessment, discuss and detail how a taxpayer may issue an objection and may appeal to the AAT, the Federal Court, the Full Court of the Federal Court, the High Court of Australia and the Judicial Commit..

  Prepare a form 1120 for kingfisher for tax year

During 2015, Kingfisher made estimated tax payments of $43,750 each quarter to the IRS. Prepare a Form 1120 for Kingfisher for tax year 2015.

  Discuss the tax collection obligations

Discuss the tax collection obligations a business has towards a supplier who refuses to quote their ABN under A New Tax System (Pay As You Go) Act 1999

  Prepare the federal corporate tax return

Tax Software Assignment Problem - Prepare the federal corporate tax return for RIL for the 2017 taxation year using the ProFile T2 corporate software program

  Advise the capital gains tax consequences

Calculate Emmis Total Assessable income - Advise the capital gains tax (CGT) consequences of the above sales - With reference to relevant legislation

  HI6028 Taxation Theory, Practice & Law Assignment

HI6028 Taxation Theory, Practice & Law Assignment Help and Solution, Holmes Institute - Assessment Writing Service - Identify and critically analyse taxation

  Corporate tax return problemrequiredcomplete blue catering

corporate tax return problemrequiredcomplete blue catering service inc.s bcs 2011 form 1120 schedule d and schedule g

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd