Whether juan has to pay australian tax on any of his salary

Assignment Help Financial Accounting
Reference no: EM13487224

Question 1

Juan is a Puerto Rican resident employed by a Puerto Rican company. Juan is sent to Australia to work on a short-term project to assist with the establishment of a branch of this company in Australia. Juan worked in Australia for 30 days. Throughout this time, Juan continued to receive a salary from his employer. The salary was paid into his Puerto Rican bank account. During the year Juan earned A$155,000 from his employment.

Required:

Advise whether Juan has to pay Australian Tax on any of his salary?

In your answer, refer to case law and legislation when necessary to support your answer.

Question 2

Are all receipts of a taxpayer that carries on a business income in nature?

In your answer, refer to case law and legislation when necessary to support your answer.


Question 3

On 1st October 2012, company EndX Pty. Ltd. purchased a new car for $45,000, inclusive of GST. Registration amounting to $450 was paid before delivery on 1st October 2012.

Reference no: EM13487224

Questions Cloud

Calculate the efficiency of a reversible engine : Calculate the efficiency of a reversible engine that operates between the temperatures 620.0° C and 345.0° C
Find the cutoff wavelength for this metal : When a metal is irradiated with 410-nm photons, the stopping potential is 1.2 eV. Find the cutoff wavelength (in nm) for this metal
Is it a necessary and sufficient condition for leadership : Is it possible to talk about superficial (unauthentic) CSR as compared to embedded (authentic) CSR? Alternatively, do organisations either have or do not have CSR? What arguments would support either of these views?
State what is the final temperature of the mixture : If 45.0mL of ethanol {(density = 0.789 g/mL) initially at 9.0 degrees C is mixed with 45.0mL of water (density} = 1.0g/mL) initially at 28.3 degrees C in an insulated beaker, and assuming that no heat is lost, what is the final temperature of the m..
Whether juan has to pay australian tax on any of his salary : On 1st October 2012, company EndX Pty. Ltd. purchased a new car for $45,000, inclusive of GST. Registration amounting to $450 was paid before delivery on 1st October 2012.
Write a report to the owners detailing : You are to journalise the events (including dates and notations). You should assume that all monies were received on 18th April (applications). What other option did the directors have with the excess demand, returning the excess?
What additional information would your decision depend : Suppose your employer offers you a choice between a $5000 bonus and 100 shares of the company stock. Whichever one you choose will be awarded today. The stock is currently trading for $63 per share.
Corporate governance disclosures : identify anynotable differences between the corporate governance disclosures that were made in last year'scorporate governance report and those that were made this year.
What is the efficiency of an ideal engine operating : A heat engine takes in 126 kJ of heat from a reservoir at 820 K and exhausts 88 kJ to a reservoir at 292 K. What is the efficiency of an ideal engine operating between the same two reservoirs

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain how many units did the company produce during year

Fixed manufacturing overhead was $1 per unit in beginning inventory under absorption costing. Ending inventory was zero. Explain how many units did the company produce during the year?

  What amount of interest expense should be reported

The bonds were sold for 833,760 to yield 12%. Wallace uses a calendar-year reporting period. Using the effective-interest method of amortization, what amount of interest expense should be reported for 2010?

  Prepare the journal entry to record the obligation cwml

Determine the cost CWML expects to incur in remediating the facility immediately after it closes inAugust 2032 and prepare the journal entry to record the obligation CWML faces as stipulated in the operatingpermit.

  What amount of manufacturing overhead was included in work

If Work in Process Inventory had a beginning balance of $18,900 and an ending balance of $59,600, what amount of manufacturing overhead was included in Work in Process Inventory during January 2010

  What is a cash budget

What is a cash budget and how it is useful in managerial decision making - Balance Score Card

  Preparenbsp a cash receipts and payments schedule based on

preparenbsp a cash receipts and payments schedule based on the details furnished.carter company has projected sales and

  Analysis of relevant costing w.r.t. acceptance

Analysis of relevant costing w.r.t. acceptance of special - Identify all the relevant costs that HMI should consider in evaluating the special sales order from LawnPro Why is your answer different man in requirement b

  Calculate the profit and loss position

Allocate the support department overheads to the 3 patient service departments on the basis of the % of services provided and calculate the profit and loss position for each of the patient service departments and the hospital as a whole.

  Find out which of two investment projects a manager

Find out which of two investment projects a manager should choose if the discount rate of the firm is 10 percent. The first project promises a profit of $100,000 in each of the next four years.

  What effect will the irs agent finding have

On audit, an IRS agent determines that $90,000 of the amount paid to each of the shareholders is unreasonable compensation. What effect will the IRS agent's finding have on the taxable income of the shareholders and the C corporation?

  Make all of the journal entries

Make all of the journal entries essential in 2013 in connection with these 300 new memberships. Consider that all costs were incurred in cash.

  What is amount of depreciation for the second full year

What is amount of depreciation for the second full year, during which the machine was used 5,000 hours?

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