Prepare janet browns statement of taxable income

Reference no: EM131657162

Assignment Case Study and Questions

Case study: Janet Brown

Janet Brown, a 55 year-old accounts manager employed by BMA Investments Ltd in Melbourne, is one of your longstanding clients. On 23 August 2018 you receive an email from her (see below) with information for the preparation of her 2017/18 tax return.

Required: Considering the information provided in the case study above:

A) Prepare Janet Brown's statement of taxable income and calculate her total tax liability (including Medicare Levy) for the year ending 30 June 2018. State all calculations and include explanatory notes and supporting schedules, applying legislation and case law.

B) Prepare a letter of advice on the tax consequences in relation to the legal fees and damages paid by Janet for the year ending 30 June 2018.

C) Write a short explanatory note to BMA explaining any tax liabilities that may arise in connection with the provision of benefits to Janet Brown. State relevant calculations and applicable legislation.

Do part 3 and in part 1 do the medicare levy part and part 3 should be in 300 to 400 words.

Assignment Files -

https://www.dropbox.com/s/m95ie0itumn8su1/Assignment%20Case%20Study%20and%20Questions.rar?dl=0

Reference no: EM131657162

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Reviews

len1657162

9/25/2017 5:14:26 AM

I’m sending you the assignment file in only do part 3 and in part 1 do the medicare levy part and part 3 should be in 300 to 400 words. I’m also sending you the lectures slides for help use relevant section and cases to do the question. Carefully read the instructions below before submitting your assignment. Groups: Groups of 3 students (any 3 ACC3TAX students, not required to be from the same workshop). It is recommended you obtain your group members’ contact details and organise at least one meeting to discuss the assignment case. Ensure you identify ALL your group members with their name and student ID on the coversheet of the assignment.

len1657162

9/25/2017 5:14:20 AM

Engagement of critical thinking and interpretation skills to correctly identify the issues to be analysed in the case study. Application of critical thinking, interpretation and analytical skills to develop a meaningful analysis of the issue(s) previously identified, with detailed and analytical application of tax concepts, tax principles, legislation and case law. Mere citation, transcription or repetition of theory, concepts, legislation and case law without proper application will not attract any marks. Correct application of tax concepts and case law principles to calculate tax liability. Calculations must be supported by applicable notes, legislation and case law (where applicable). Elaboration of a solution to the issues presented in the case study, referring to the elements analysed and concluding the case.

len1657162

9/25/2017 5:14:14 AM

Writing – Writing skills are assessed based on the quality of the arguments presented, marks are attributed where student presents a well organised essay written in academic English, with logically sequenced and coherent paragraphs and proper application of legislation and case law. A good essay must be clear, objective, and easily understandable, and must provide a conclusion that is logically derived from the arguments presented. Essays whose paragraphs are not logically organised, with tautological arguments and poor syntax will receive less marks depending on the quality of the work presented.

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