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How to calculate payg instalment income

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Reference no: EM132646499

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%

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

Reference no: EM132646499

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