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Suppose a resident with yearly income of $40,000.00. The Medicare Levy will be $600.00 and the taxes will be $5,550.00/year or $106.73/week. His/her net salary per year will be $33,850.00 or $650.96 per week. Suppose the user needs $628.71 per week as living expenditure. So it is possible to invest $22.25 per week. Suppose the interest is 13% per year (or 1% each 4 weeks, since we have 52 weeks per year) and the number of weeks the user will invest the money is 18. Assuming the user asks to invest $22.25 per week, then the investment account output will be:
Weeks
Money in the end of each 4 weeks
4
$89.89 = 22.25*4*1.01
8
$180.68 = (89.89+22.25*4)*1.01
12
$272.38 = (180.68+22.25*4)*1.01
16
$364.99 = (272.38+22.25*4)*1.01
18
$409.49 = (364.99 + 22.25*2) (note that is less than 4 weeks, so the interest is not applied
In relation to the CGT provisions, which of the following statements are correct? Explain your answer citing the relevant law. (a) When disposal of property (CGT event A1) is by
The second task of the program is to calculate/display a possible investment. First, the program should ask the amount of money that he/she requires (on an average) per week a
I still don''t know this yet but my teacher wants me to do this a i don''t know this topic?
Hi, I need help with a timed quiz based on principles of business taxation 2013 edition . it is 25 short questions in 3 hours.
Your firm purchased a line of computer equipment for $1.5M four years ago. It is assigned a CCA rate of 20% and the firm has a tax rate of 35%. At the end of this year (year 4
WHAT ARE THE ADVANTAGES
EXPLAIN IN DETAILS RETURN ON INVESTMENT
Jenny is 35 years of age, single and is a professional hairdresser. She was born in Australia, however she often travels overseas for extended periods for work purposes. Jenny r
presumptive tax is one way of enforcing compliance with the tax requirements.you are required to define presumptive tax and give examples of situations where presumptive tax is app
Exhibit Additional information • Andy currently owns all of the shares of Grand Inc., a CCPC with 1,000 common shares issued and outstanding. Grand Inc. operates an active business
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