Question 1
65997

Gene is a computer programmer who is paid $2246 per fortnight. He also made $13540 this financial year from an iphone app that he made.

i) Calculate his gross income this financial year

ii) He had yearly tax deductions totalling $5 608, what is his taxable income this financial year?

i) $71936

ii) $66328

Question 2
65998

Richard works as a computer technician and earns $ 67 000 p.a. Richard claims deduction of $200 for tools, $100 for his uniform, $5 per week for dry-cleaning his uniform, $60 per month for work related calls and $210 per quarter for electricity costs (he fixes the computers at home).

i) Calculate Richard’s total deductions

ii) Calculate Richard’s taxable income

i) $2120

ii) $64880

Question 3
58951

Alan uses the following information to calculate his taxable income: wage $48200, bank interest $460, Bonus $500, tax agent fee $240, work related costs $2400. Calculate

(i)  Alan's gross income

(ii)  Alan's allowable deductions

(iii)  Alan's taxable income

(i)  $49,160

(ii) $2640

(iii) $46,520

Question 4
58952

Bai earns a gross weekly pay of $1080. She has tax deductions of $2140

(i)  Bai's gross yearly salary is?

(ii)  Bai's taxable income is?

(i)  $56,160

(ii)  $54,020

Question 5
58953

Izad sells real estate and earns 3% commission on all sales. During the year Izad sold real estate to the value of $4,420,000

(i)  What is Isad's gross annual income

(ii)  Izad's tax deductions were $5600, what is his taxable income?

(i)  $132,600

(ii)  $127,000

Question 6
58954

Anthea works as a receptionist and earns a gross fortnightly pay of $2140. She pays PAYG tax of $480 per fortnight and has work related tax deductions of $740. 

(i)  what is Anthea's gross yearly income?

(ii)  How much tax is deducted yearly?

(iii)  What is Anthea's taxable income?

(i)  $55,640

(ii)  $12,480

(iii)  $54,900

Question 7
10544

Mary works for a travel agent and earns a gross fortnightly pay of $2240. She has tax deductions of $9 per week for dry cleaning, $160 for work related travel per year and $28 per month for union fees. What is her taxable income?

$57,276

Question 8
10534

Anna uses the following information to calculate her taxable income: wages- $64,240, interest- $1260, bonus- $1500, tax agent fee- $180, donations to charity- $450, car related costs- $820. Her taxable income was?

$65,550

Question 9
10315

Freds annual wage is $55,640 interest is $440, cost of uniform is $350, tax agent is $60 and work related car costs are $70. His taxable income is?

$55,600

Question 10
10316

Paul uses the following information to calculate his taxable income: wages $42,580 interest $490, bonus $1200, tax agent fee $150, donations to charity $610, car related costs $1240. His taxable income is?

$42,270

Question 11
10318

Mary is a real estate sales person who earns a commission of 2% on sales. During the year she sold real estate to the value of $4,240,000. Her tax deductions were $3940. What was her taxable income?

$80,860

Question 12
10320

Alice works in a book shop and earns a gross fortnightly pay of $1940. She has tax deductions of $8 per week for dry-cleaning, $120 for work related travel per year and $24 per month for union fees. What is her taxable income?

$49,616

Question 13
10321

Joe's gross annual income is $90,480. He earned bank interest of $3420. His allowable expenses were car travel $740, tax agent fee $210, and donations $560. What was Joe's taxable income?

$92,390