User Account

All Pages

Calculate Selina net tax payable

Assignment Help Accounting Basics
Reference no: EM132579266

Question - Assessable Income - Income from various sources

During the 2017/18 tax year, Selina Matterson (a single resident taxpayer, aged 41) has the following receipts:

Net salary (after $18,000 PAYG tax withheld) $55,000

Fully franked dividend from PPP Ltd $9,800 (with franking credit $4,200)

Unfranked dividend from QQQ Ltd $900

Net interest received $954 (after $846 no TFN tax withheld)

Selina had no deductions

 She was covered by private hospital insurance

Required -

Calculate Selina's taxable income for the 2017/18 tax year.

Calculate Selina's net tax payable/refundable (including Medicare Levy) for the 2017/18 tax year.

Reference no: EM132579266

Questions Cloud

What will be the value in account at the end of year : You will invest each payment in an account that pays 10 percent. What will be the value in your account at the end of Year 30?
Compute estimated goodwill : Compute estimated goodwill if it is found by discounting excess earnings at 12% compounded quarterly
Is investors expect lower expected rates of return : Investors expect lower expected rates of return from stocks with returns that are not sensitive to fluctuations in the stock market. True/false
What is functional strategy : You will conduct research on "Chick-fil-A" corporate strategies and the affect they have on the decision process. What is a functional strategy?
Calculate Selina net tax payable : Net salary (after $18,000 PAYG tax withheld) $55,000. Calculate Selina's net tax payable/refundable (including Medicare Levy) for the 2017/18 tax year
How to suggest take to mitigate the risk of fraud : How toSuggest one action management can take to mitigate the risk of fraud occurring when financial statements are being compiled. Provide the suitable example.
Social media and the workplace : When a candidate for a job sends a resume to a business, one of the first actions taken by HR is to check the candidate's social media.
How to state sales tax is best defined for a company : How to State sales tax is best defined for a company as? An expense imposed by the State for which the company has to account.
Explain accounting treatment of redeemable preference shares : Presentation adopts substance over form approach to distinguishing between liabilities and equity. Explain accounting treatment of redeemable preference shares

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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