Tax Purposes Under Australian Tax Law Analyses- Law Assignment Help

Assignment Task

Task 

QUESTION 1

Advise your client on how the following items will be treated for tax purposes under Australian tax law: 
a. amounts received by a computer hire company from its customers for a damaged computer.
b. free overseas holiday received by a licensed cafe manager from an alcohol supplier.
c. a payment made by a radio station to an Australian tennis player for being named the Australian sports person of the year 2019.
d. the return to its members of excess funds raised by a cricket club for the purchase of additional cricket bats.
e. expenses relating to an accounting qualification for a receptionist working at an accounting firm.   
f. expenses relating to a short course in hotel management in the hope of becoming a hotel manager.
g. expenses relating to work suits and work dresses.
h. expenses relating to travel between work and home.
i. expenses relating to travel between one employer and another employer.
j. Qantas frequent flyer points received by a business analyst employed by a large business consultancy firm in relation to work related travel paid for by the firm. 

QUESTION 2

Aleksandr is an international student studying a business degree at Oxford College. He commenced his studies in term 1, 2021. In the 2021/2022 financial year he worked part time as an office assistant at a bank to gain work experience in his chosen career and made $50,000 from that job. Aleksandr also received $10,000 from his parents to assist him with his living expenses, and a $5,000 distribution from a trust account set up by his grandmother of which he paid $1,000 in foreign tax. He spent $30,500 on his studies, $3,000 on a computer and printer for educational purposes, and $1000 on a new mobile which was required for work purposes. He used his phone for personal calls too.
 
Calculate Aleksandr’s net tax payable for the 2021/2022 financial year, making reference to the taxation formula, the reasons for including or excluding specific items, your calculations, and the applicable tax law (sections of legislation and/or case law).

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