Mathematics, 23.02.2021 06:20 GalaxyWolf1895
Stevie Slick is a real estate agent. She earn $583 per week plus a commission of 0.5% on properties she
sells. In this financial year she sold $3 085 000 worth of property and worked for 52 weeks.
During the financial year she also made a term deposit of $8000 invested for 6 months at a rate of 2.8%
pa compounding monthly. The money was withdrawn at maturity.
Stevie is paid a monthly phone allowance of $90.
She has work related travel expenses of $1235 per year.
Stevie has a dependent spouse so is entitled to a tax offset of $580.
Stevie has a $1595 laptop. She estimates she uses it 50% of the time for work purposes. She is able to
depreciate the laptop using the straight line method over a three year period and claim the depreciation as
a tax deduction. (Assume a scrap value of So).
ume a scrap value of so
1. Determine Stevie's taxable income for the current financial year.
Answers: 2
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Stevie Slick is a real estate agent. She earn $583 per week plus a commission of 0.5% on properties...
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