level 1
According to section________ of the ITAA 1997, you should not include costs of ownership in the cost base of a personal use asset.
2011年03月11日 07点03分
2
level 1
According to sub-section of the ITAA 1997, the maximum number of business kilometres that can be included in the "cents per kilometre" method when calculating a deduction for car expenses is kilometres
2011年03月11日 07点03分
3
level 1
If a taxapayer is an employee in an industry that requires him to wear protective clothing. according to an ATO interpretative decision (ATO ID), the travel expenses incurred in order to purchase the work related items... (Tick one answer only)
a. are an allowable deduction for the taxpayer as the cost of the work related item is deductible under s 8-1
b. are an allowable deduction under s 8-1 as there is a sufficient nexus with gaining and producing assessable income
c. are not an allowable deduction under s8-1 as the travel undertaken by the taxpayer was not travel undertaken in the course of their duties.
d. are not an allowable deduction under s 8-1 because of the application of s 26-30
e. are only an allowable deduction to the extent that it relates to the acquisition of a depreciating asset
2011年03月11日 07点03分
4
level 1
According to the most relevant Taxation Ruling, which of the following expenses incurred by an employee in the real estate industry are likely to be an allowable deduction?
a. Car wash expenses, where the one-third of actual expenses method is used to calculate the work-related deduction for car expenses.
b. Car wash expenses, where the 12% of original value method is used to calculate the work-related deduction for car expenses.
c. Car wash expenses, where the logbook method is used to calculate the work-related deduction for car expenses.
d. Car wash expenses, where the cents per kilometre method is used to calculate the work-related deduction for car expenses.
e. All of the above expenses will be deductible.
2011年03月11日 07点03分
5
level 1
Taxation Ruling ______ sets the Commissioner's views on the deductibility of expenses incurred by taxpayers in protecting themselves from the risk of illness or injury in the course of carrying out income earning activities, following the decision in Morris & Ors v. FC of T (2002).
2011年03月11日 07点03分
6
level 1
Taxation Ruling provides airline industry employee with guidelines on which expenses will be allowed as work-related deductions.
According to this Taxation Ruling, are airline industry employees allowed a deduction for the cost of vaccinations as a precaution for being at risk from infectious diseases?
Yes/No
2011年03月11日 08点03分
7
level 1
Which of the following expenses can you claim an immediate deduction for, according to the most recent publication on rental properties from the ATO ? (select one answer only)
a. advertising for tenants
b. acquisition costs of the property
c. borrowing costs
d. electricity charges borne by the tenant
e. cost of a concrete driveway
2011年03月11日 08点03分
8