Anna bought $410,000 of furniture on August 7, 2014. On December 14, 2014, she purchased $160,000 of used computer equipment. If Anna elects $179, what is the maximum write-off for these purchases for 2014?
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What is the maximum write off for these purchase for 2014 ?
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- Sarah purchased a warehouse for £420,000 in September 2020. She sold a retail premises to Bettina for £152,000 in November 2020. How much Stamp Duty is payable on these transactions and by whom? £10,540 by Sarah O £21,000 by Sarah and £3,040 by Bettina O £10,500 by Sarah and E40 by Bettina O £24,040 by SarahLily graduated from UCSD in 2015. Right now she has an excellent job with a take-home income (after taxes) of $5,000 a month. The following is her financial situation: 1. She is single and shares an apartment with a roommate. Her monthly expenses in December 2020 were: Rent: Utilities (including cell phone): Food (including eating out) Car payment Gas Student loan payment Credit card payment Personal loan payment Clothing and personal items TOTAL Net loss of $450.00 As of December 31, 2020, what was Lily's net income for the month of December 2020? Express it in terms of a net gain or a net loss for the month. Net gain of $450.00 $1,400 600 600 No gain or loss No answer text provided. 500 200 1,100 500 300 250 $5,450Jessica spent $5,000 on a new energy-efficient tankless water heater in 2021. She claimed a $400 nonbusiness energy property credit when she replaced an identical unit in 2006. What is the amount of her 2021 non-business energy property borrowing?
- 1.Susanna runs a hat shop in Melbourne, VIC. During the FY20, she bought 300 hats for $99 each (incl GST) and sold those hats for $220 each (incl GST). How much should Susanna remit to the ATO once all the hats are sold? Briefly explain your calculations.Taryn would like to open a new business as an interior designer, to funds her ambition she sold some of thefollowing assets:1. Taryn sold her Harry Potter’s collection for the amount of $1,500 on 4’th January 2020, she bought itsecond hand on 10’th October 2018 for $350.2. Taryn sold her gold necklace for $2,000 on 20’th March 2020, she bought it for $1,200 on 8’th August20183. Taryn sold a sculpture for $6,000 on 1 January 2020, she bought it on December 1994 for $1500 Q. Identification and analysis of legal issues / legal question and relevant taxation law for each case and Accurate conclusions are reached from each case. Q. Identification of material facts on regard to each caseHello, I need help solving this accounting problem.
- Jennifer installed a new enery-efficient tankless water heater in 2021 at a cost of $5,000. She replaced a similar unit in 2006 and claimed a nonbusiness energy property credit of $400 at that time. What is the amount of her nonbusiess energy property credit for 2021?Barb earned rent income from her condo by renting the second room to someone during 2021. She lives in the other bedroom and plans to share the expenses 50% between the two (2) bedrooms in her condo. The rest of the details of the rent activities are as follows: Rent income (12 months) $4,550 Repairs (Bathroom and Kitchen) $820 Utilities (100% for the condo) $1,080 Fixtures and decorations $350 What is Barb’s net rental income for 2021 that will be reported on her tax return? _____________20. Kelly runs a small business which she started on 1 May 2016 and draws up her first set of accounts to 31 January 2017. On 1 June 2016, she purchased a car for £12,500 which she uses 30% for business purposes. The car has CO2 emissions of 120 g/km. What are the capital allowances available to her for the period ended 31 January 2017? A £12,500 B £1,688 £675 .D £506