Calculate maggies net income tax payable

Assignment Help Accounting Basics

Reference no: EM133538242

Question 1: Identify each fringe benefit provided to Maggie and determine whether an exemption applies.

Question 2: Explain the impact the fringe benefits will have on Maggie's taxable income and/or net tax payable (refundable).

Question 3: Calculate Maggie's net capital gain (loss).

Question 4: Calculate Maggie's taxable income, briefly explaining each line item.

Question 5: Calculate Maggie's net income tax payable (refund).

Question 6: Once you have completed Maggie's tax return, it comes to your attention that Maggie may hold cryptoassets. With reference to the TASA Code of Professional Conduct, reflect upon both your duty as a tax agent and Maggie's duties as your client.

Question 7: Explain how you approached completing this task including details of any resources you viewed or utilised and provide a complete reference list.

Reference no: EM133538242

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