Advise mary if she was not on a working holiday visa

Assignment Help Taxation
Reference no: EM133117060

Question: Mary is a citizen of the United States. Getting around COVID-19 restrictions, she came to Australia in 2021 on a working holiday and stayed for 10 months. Mary had grown up in the family home in the United States and still had room to return to. She had no prior association with Australia until she arrived in September 2021. At that stage, she spent nearly four months in Brisbane moving between six different houses. She then spent a month traveling from Brisbane to Canberra via six different locations. From late January 2022 to late May 2022, Mary then lived in Melbourne staying at six different houses.

After returning to Brisbane for a short period of time, she traveled to Sydney and then departed Australia on 23 June 2022. During her time in Australia, she had two different periods of employment, one in Brisbane for three months and another in Melbourne for a period of three months. Mary claims she is a resident of Australia for her time here, so she should pay tax at the residency rate. Advise Mary.

Required: What difference would it make if she was not on a working holiday visa?

Reference no: EM133117060

Questions Cloud

Systematic risk and unsystematic risk : The CFO of Bunyan Lumber Corporation, Anita Rai has decided to invest some money in the financial market to diversify the risks of business operations and incre
What claims does pauly have and against whom : Mac sells the fee simple interest to his house to Pauly subject to a warranty deed - What claims does Pauly have and against whom
Financial leverage to optimize shareholder wealth : Hershey, HSY - Develop a specific recommendation, with supporting rationale for the COMPANY'S management - Think about the financial strategy of the company how
Prevailing interest rate now for an equivalent bond : 1. Carl buys a 7-year, $10,000 par value, 7% coupon bond. Exactly 4 years after purchasing the bond, he needs cash so he wants to sell the bond. If due to chan
Advise mary if she was not on a working holiday visa : What difference would it make if she was not on a working holiday visa - she should pay tax at the residency rate. Advise Mary
What is the minimum price chase would need : What is the minimum price Chase would need to receive for his car? (Assume monthly payments.)
What is the breakeven volume in patient days : Consider the following data: What is the contribution margin?
Accounting return analysis : Estimate the operating income from the proposed iCar investment to Apple over the next 10 vears. Estimate the after-tax return on capital for the investment ove
Achieve the optimum outcome based on the theory : (a.) Carefully explain to someone who is not an expert in ?nance how they should allocate their wealth if they have TEN risky assets and ONE risk free rate to c

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