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Question - Simon works full-time as a civil engineer with a Brisbane-based engineering firm. Simon is also currently enrolled part-time in a Bachelor of Engineering degree at QUT, which is directly related to his job. During the 2021 income year, Simon incurred the following study-related expenses:
HECS-HELP fees 8,140
Student union fees 336
Textbooks purchased for study purposes (each textbook less than $300) 578
Food consumed at the QUT cafeteria before lectures 145
Uber fares from work to QUT to attend classes 136
Uber fares from QUT to home after class 204
Required - What amount can Simon claim as an allowable deduction for self-education expenses for the year ended 30 June 2021?
There are four steps in the auditor's process of understanding internal control and assessing control risk for a public company. The first step is to obtain and document an understanding of internal control: design and operation. What are the rema..
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1) Bob's building was taken over by the state and destroyed so that a new football stadium could be built. Bob's basis in his building was $400,000. The state paid him $1,250,000 for the building. Bob bought a new building within one year for $900..
Calculate the number of direct labor hours Johnston must budget for the coming year. Calculate the variable overhead rate
Instructions: Compute the following financial ratios: Receivables turnover in 2008 and Inventory turnover in 2008
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