Please Fast Answer Thmups Hillda resigned from his employment with Fairy Dairy Products on 2 Jan 2022 at age 50.Details related to the year ended 30 Jun 2022 were:-i) He received $30,432 gross salaryii) He has incurred $152 being transportation expenses in relation to work. This was not reimbursed by hisemployer. This is an allowable deduction.iii) The employer has deducted $23,300 as PAYG.iv) The unused long service leave accrued during his employment is $10,030.v) His unused annual leave is $4,100 and unused sick leave of $1,200Hillda also receives a superannuation lump sum of $83,000 which comprised of a tax-free component of$5,000 and the remainder was from a taxable component of the fund. Assume that the fund is a taxedfund.RequiredCalculate Hillda's taxable income and net tax payable or refundable for the year ended 30 June 2022.Show all working.

In this question, we will calculate Hilda's taxable income and net tax payable or refundable for the…

Hillda resigned from his employment with Fairy Dairy Products on 2 Jan 2022 at age 50. Details related to the year ended 30 Jun 2022 were:- i) He received $30,432 gross salary ii) He has incurred $152 being transportation expenses in relation to work. This was not re employer. This is an allowable deduction. iii) The employer has deducted $23,300 as PAYG.

Hillda resigned from his employment with Fairy Dairy Products on 2 Jan 2022 at age 50. Details related to the year ended 30 Jun 2022 were:- i) He received $30,432 gross salary ii) He has incurred $152 being transportation expenses in relation to work. This was not re employer. This is an allowable deduction. iii) The employer has deducted $23,300 as PAYG.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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