All these Questions from Textbook K. Sadiq Principles of taxation Law 2012 I did notify where the questions are in the books. The hints for all the answer in the book as well. Thanks Document Preview: 1. (Question 4.3, Chapter 4) Fred, an executive of a British corporation specializing in management consultancy, comes to Australia to set up a branch of his company. Although the length of his stay is not certain, he leases a residence in Melbourne for 12 months. His wife accompanies him on the trip but his teenage sons, having just commenced college, stay in London. Fred rent out the family home. Apart from the absence of his children, Freds daily behavior is relatively similar to his behavior before entering Australia. As well as the rent on the UK property, Fred earns interest from investments he has in France. Because of ill health Fred returns to the UK 11 months after arriving in Australia. Discuss residency and source issues. 2. (Question 6.1, chapter 6) During the current tax year Erin received the following amounts:Salary and wages income of $98,000A bank term deposit of $50,000, which earned interest of $4,200A rental property from which she received $500 per week for 50 weeks of the yearWinnings of $10,000 on the poker machines$500 from selling to friends eggs that her chickens laidA holiday bonus of $,1000 from her employerA watch worth $200 from a happy clientWhat is Erins ordinary income for the current tax year? 3. (Question 7.4, Chapter7)Alan is an employee at ABC Pty Ltd (ABC). He has negotiated the following remuneration package with ABC:Salary of $300,000;Payment of Alans mobile bill ($220 per month, including GST). Alan is under a two-year contract whereby he is required to pay fixed sum each month for unlimited usage odf his phone. Alan uses the phone for work-related purposes only;Payment of Alans childrens school fees ($20,000 per year). The second fees are GST free.ABC also provided Alan with the latest mobile phone handset, which cost $2,000.At the end of the year, ABC hosted a dinner at a local Thai restaurant for all employees and their partners. The total cost of the dinner was $6,600 including GST.Advise ABC of its FBT consequences Attachments: question-taxa.docx
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