Homework Excersise

HOME WORK EXERCISES CHAPTER 06 QUESTION 01 a. John would not be all in allowed a deduction for egotism education expenses because he has resigned from his production line to start his self education. Self-education expenses are allowable as a deduction, if the study of a subject of self-cultivation objectively leads an increase in a taxpayers income from his current income-earning activities in the future. hardly John was not working while he was studying. b. Ella would be allowed a deduction for her studying for Graduate certification in Critical Care Nursing as she is currently working in the field colligate to her study. c. Adrina cannot postulate for self education expense because the deduction is not allowable for self-education expenses if the study is to enable a taxpayer to put up engagement. To be authorise to self education expense it must have withdraw connection ( link) between the self-education and the current work activities. But in this scenario, there is no nexus between vet assistant and studying veterinary science. QUESTION 02 Tim cannot claim the affair $1240 on his 2011 tax return because there is no nexus between this self-education expenses and his current income earning activities. In February 2010 he ceased employment as a solicitor and started a new line as a graphic artist which is not related to his self-education. So Tim would not be allowed a deduction for self-education expenses on his 2011 tax return.

QUESTION 03 a. Self-education deductions for Melanie is $1243. b. Total claim for Mai Lin is $1330. QUESTION 04 After starting a part-time job, if Andrew is studying full-time he can claim for self-education expenses. His self-education claim for 2010 is $1649. If he had not kept any communicate he cant claim any. According to the ATO all claims must be substantiated for this category. QUESTION 05 a. Jemma - Medicare Levy - Nil Medicare Levy... If you want to get a full essay, order it on our website: Orderessay

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