Different approaches to recognising receipts-expenses

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QUESTION 1

Roger is an Australian resident taxpayer with no private health insurance. He holds 100 shares in ABC Pty. Ltd. The company paid a fully franked dividend at $7 per share on 15 May and has a corporate tax rate of 30%. Assume that during the 2022/23 income year Roger also has an annual salary of $90,000. What is Roger's net tax payable or net refund for the 2022/23 income year? 10 marks

Question 2

Compare and contrast the way in which accounting rules and tax law take different approaches to recognising receipts and expenses.

Reference no: EM133513413

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