What is Alexs taxable income

Assignment Help Accounting Basics
Reference no: EM132538485

Question - Alex is resident of the UK for tax purposes. He lives in Australia and had $90,000 assessable income from Australian sources in 2019/2020. He does not have any allowable deductions.

Required -

A - What is Alex's taxable income?

B - Calculate Alex's tax payable?

Reference no: EM132538485

Questions Cloud

Calculate the weighted average cost of capital : Calculate the weighted average cost of capital given the following market value of debt of 71,000, market value of equity of 128,000, return on market of 11.7%
Find what is the accumulated sum of stream of payments : Find What is the accumulated sum of the stream of payments? $12,156 every year at the beginning of the year for 12 years, at 9.21 percent, compounded annually.
Summarize your general beliefs of what makes a good leader : Summarize your general beliefs of what makes a good leader. Regarding the transformational leadership skills discussed in our required article reading.
Record subscriptions account : Record Subscriptions Account. Record the Statement of Financial Position as at 31 December 2017 (extract). Total fees received from members for the year ended
What is Alexs taxable income : Alex lives in Australia and had $90,000 assessable income from Australian sources in 2019/2020. What is Alexs taxable income
Consequences of public policy : Evaluate whether the policy creates a benefit for one group while other groups experience problems or concerns because of the public policy.
Examine the importance of professional associations : Examine the importance of professional associations in nursing. Choose a professional nursing organization that relates to your specialty area, or a specialty.
Discuss the importance of advocacy : Discuss the importance of advocacy as it pertains to patient care. What is the nurse's role in patient advocacy? Describe a situation in which you were.
What can be done to minimize this risk : What can be done to minimize this risk? Consider both hormone therapies and lifestyle factors

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd