Cameron works as an accountant for PWC Pty Ltd. Hoping to increase his earnings, he re-enrolled to University to do a degree in Forensic Accounting. During the 2020 financial year, he paid $9,000 in course fees, plus $1,600 in textbooks. He also paid $900 for travel expenses to travel from his home... to university... and back to his home. Required: How much can Cameron claim in allowable deductions during the 2020 financial year? (You must give reasons for your calculations and refer to law)
Cameron works as an accountant for PWC Pty Ltd. Hoping to increase his earnings, he re-enrolled to University to do a degree in Forensic Accounting. During the 2020 financial year, he paid $9,000 in course fees, plus $1,600 in textbooks. He also paid $900 for travel expenses to travel from his home... to university... and back to his home. Required: How much can Cameron claim in allowable deductions during the 2020 financial year? (You must give reasons for your calculations and refer to law)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Cameron works as an accountant for PWC Pty Ltd. Hoping to increase his earnings, he re-enrolled to University to do a degree in Forensic Accounting.
During the 2020 financial year, he paid $9,000 in course fees, plus $1,600 in textbooks.
He also paid $900 for travel expenses to travel from his home... to university... and back to his home.
Required: How much can Cameron claim in allowable deductions during the 2020 financial year? (You must give reasons for your calculations and refer to law)
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