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Calculate payg instalment income

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Reference no: EM132643512

For the September 2020 quarter, Rinaan's Boutique Pty Ltd provides the following information (GST inclusive where applicable).

Sales                                                                $88,000
Rental income received (Commercial property)            $33,000
Rental income received (Residential property)             $22,000
Interest received                                                    $3,300
Dividend income                                                       $660
Capital loss on sale of machinery                               ($660)
Business Bank Loan received - Bank of NSW              $33,000
Additional capital injected by the owner                    $22,000
The instalment rate provided by ATO                           5.20%

Question 1: Calculate PAYG Instalment Income and complete T1, T2 and T11 on Rinaan's Boutique's September 2020 quarter IAS.

Reference no: EM132643512

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