UniversityEssayServices

Q1. Emma designs and makes trendy jeans for teenagers.She sells the jeans exclusively through a friend’s shop.Her books of account provide the following information:

1 July 30 June
Completed jeans ready for sale $5,000 $7,000
Partly completed jeans $1,000 Nil
Jeans material $4,000 $500
Zips $900 $60
Total purchases of jeans material during the year=$5,000
Total purchase of zips during the year=$2,000
Total sales of jeans during the year=$25,000
Fees to accountant=$250
Rental of premises=$1,000

Advise Emma of her tax consequences arising from the above information.

 

Q2.Garry is employed by a furniture retailer.Gerry’s employer allowed him to purchase floor stock for $2200 (inclusive of GST).The same floor stock would ordinarily be sold to customers for $8800.

Requirement:

What is the taxable value of this fringe benefit?

What We Offer:
• On-time delivery guarantee
• PhD-level professionals
• Automatic plagiarism check
• 100% money-back guarantee
• 100% Privacy and Confidentiality
• High Quality custom-written papers

Found something interesting ?

• On-time delivery guarantee
• PhD-level professional writers
• Free Plagiarism Report

• 100% money-back guarantee
• Absolute Privacy & Confidentiality
• High Quality custom-written papers

Related Model Questions

Feel free to peruse our college and university model questions. If any our our assignment tasks interests you, click to place your order. Every paper is written by our professional essay writers from scratch to avoid plagiarism. We guarantee highest quality of work besides delivering your paper on time.

Sales Offer

Coupon Code: SAVE25 to claim 25% special special discount
SAVE