Calculate Mellisa total tax payable

Assignment Help Financial Accounting
Reference no: EM132917714

Question - Mellisa L was born in Paris but now lives in Perth, Western Australia. She earned a salary of $116,000 from her employer ABC Pty Ltd for the 2020 - 21 tax year. During the course of the same year, she has deductible expenses of $5,000, a tax offset of $10,000 and a HELP debt of $25,000. Mellisa L did have private health insurance from 1 January 2021. Calculate Mellisa's total tax payable. Show all workings.

Reference no: EM132917714

Questions Cloud

Bsbinn301 promote innovation in team environments : Describe internal and external factors that contribute to a team becoming and remaining innovative. Make sure you include: team characterictics, the role of gro
Interpret for management the margin of error : A sample of 250 orders for? take-out food at a local pizzeria found that the average cost of an order was ?$21 with s=?$16.
Why debt financing is the cheapest form of financing : Why debt financing is the cheapest form of financing but also the most dangerous form of financing. By learning from companies that have experienced financing.
Describe how membership in that organization : Describe how membership in that organization could benefit you in your career.
Calculate Mellisa total tax payable : Mellisa L did have private health insurance from 1 January 2021. Calculate Mellisa's total tax payable. Show all workings
Mean spending for all shoppers : Construct a 90?% confidence interval estimate for the mean spending for all shoppers who are members of the? website's premium program.
Determine the coefficient of variation for each stock : Calculate the return on a portfolio that has $ 9,200 invested in Stock "Y" and $ 3,500 invested in Stock "Z". Determine coefficient of variation for each stock.
Quantitative research methods final project : In the initial stages of the formulating and clarifying process you will be generating and refining research ideas/topics. It may be that you have already been
Calculate the project NPV for capital budgeting purpose : Calculate the project NPV for capital budgeting purpose and assess the viability of this M-pad project. Provide necessary interpretations of your workings

Reviews

Write a Review

Financial Accounting Questions & Answers

  Predetermined overhead rate based on direct labor hours

Hutchins Company uses a predetermined overhead rate based on direct labor hours (DLHs) to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $200,000 and DLHs would be 20,000. The..

  What adjusting journal entry should msi make to initially

What adjusting journal entry should MSI make to initially recognize the ARO under IFRS on Nov 01,2018? What are the journal entries to record

  Which statements about unpresented cheques is correct

Under the direct write-off method, when $200 is determined to be uncollectable, the journal entry would be? statements about unpresented cheques is correct?

  Make the journal entry in the specified format

Identify the account (s) to be debited and credited and make the journal entry in the specified format. Please note that if journal entry is not required

  Indicate whether a debit or credit is required

Indicate whether a debit or credit is required to close each of the following accounts. Use the symbols D if a debit is required , C if a credit is required, N if the account is not closed at the end of the period.

  What is an accounting policy

What guidance does AASB 108 'Accounting Policies, Changes in Accounting Estimates and Errors' provide for statement preparers on the selection

  What is the break-even point in sales units

ABC Company sells a product that sells for $20 per unit. Variable costs are $8 per unit, and fixed costs total $12,000 annualy. What is the product's CM ratio? What is the break-even point in sales dollars? What is the break-even point in sales units..

  Determine the yearly amount for the first four years

The truck has a 400,000 km life. The CFO wants you to the following analysis for depreciation determine the yearly amount for the first four years.

  Make the shareholders equity section of the culver umbrella

During the year ended December 31, 2020, Make the shareholders' equity section of the Culver Umbrella Corporation balance sheet as at December 31, 2020

  What were the actual break even units

Suppose that a company sells its product for $50 per unit. It was believed that the break even units would be 8,500, but an unexpected increase in fixed expenses of $33,878 occurred. The contribution margin per unit is $26 (there was no change in var..

  Which would prioritize as an accountant in the future

Which would you prioritize as an accountant in the future, your compensation or your prestige of being a CPA? Explain in at least eighty words.

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