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

  Taxable income

Determine taxable income before considering expense.

  Prepare a tax research memo

Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.

  Income by ordinary concepts

Explain what is meant by income by ordinary concepts

  Identify the tax issues

Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.

  Calculate carolines taxable income

Calculate Carolines taxable income

  Taxation – law and practice

Show the tax issues that are raised and the relevant sections of the legislation.

  Payment to the taxpayer

Brief statement in your own words of the facts of the cases.

  Prepare regular corporation tax return

Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise

  Taxation law

Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.

  A tax on cigarettes is a good way of raising tax revenue

Discuss- A tax on cigarettes is a good way of raising tax revenue for the government

  Prepare the required journal entry

Prepare the required journal entry to record the tax expense

  Calculate barbs taxable income

Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?

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