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Calculate the amount affect on taxable income

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Problem 1: Address the main issues raised, apply the relevant ITAA 97 provisions and calculate the amount affect on taxable income/ taxable liability:

1. Business expenses

Motor vehicle Duty on grandpa's limousine $2,500
Registration $1,000
Insurance $2,000
Services $1,200
Car washes $500
Petrol $5000
Professional Cleaning of Limousine $800
Council parking fines $500
Dry Cleaning Uniform $500
Chauffeur Suit, including $1000

Reference no: EM132669994

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