What would you advise sandra

Assignment Help Accounting Basics
Reference no: EM133165357

Question - Sandra has made a personal superannuation contribution of $1,200 during the 2021 year, in addition to the amount she salary sacrifices into her super through her employer. She has received a letter from her superannuation fund asking her if she wants to claim a deduction for these contributions. Her income details are as follows:

Wages $25,450

RFBA (from exempt employer) $15,999

RESC $5,200

Rental Income $8,500

Rental Expenses $10,800

Work Related Deductions $850

The rental income and expenses are from a rental property held in joint names with her partner. Her partner's taxable income is $130,000. He does not have any RFBA and has not made any personal superannuation contributions.

Required - What would you advise Sandra?

Reference no: EM133165357

Questions Cloud

How much revenue will ortiz recognize for this contract : Assume that the scales, software and calibration service are viewed as one performance obligation. How much revenue will Ortiz recognize in for this contract
Types of digital business model : Read What is your Digital Business Model, Chapter 2 and answer the following question?
Who makes the apple iphone : In its early days, Apple usually didn't look beyond its own backyard to manufacture its devices. A few years after Apple started to make the Macintosh computer
Organise and prioritise tasks and commitments : Identify three ways you can use technology to organise and prioritise tasks and commitments.
What would you advise sandra : The rental income and expenses are from a rental property held in joint names with her partner. What would you advise Sandra
Generations influenced individual performance : How have changes in employee roles as a result of organizational shifts influenced individual behaviors and perceptions?
Managing the material requirements plan : There are three important factors in managing the material requirements plan. What are they and why are they important?
Promote the development of emotional intelligence : Develop and implement plans to assist others in understanding the effect of their personal behaviour and emotions on others in the workplace
Describe the contents of medical records : 1. Describe the contents of medical records. 2. Explain the concept of informed concept.

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