Question: Sophie, a resident taxpayer, is employed by X & Y Bank as a financial accountant. During the 2023 income year, Sophie incurred the following expenses in connection with fulfilling her duties as an employee: Train fares from home to Brisbane CBD necessary to attend her employer's office each work day $ 1,700 Purchases of professional work clothes (suits, skirts and dress shoes) in order to comply with the X & Y work dress code of wearing business attire at all times $1,400 Lunch costs every Wednesday when early team meetings prevent Sophie from preparing and bring a lunch from home $ 900 From the above information, calculate the total deduction available to Sophie under s.8-1 in respect of the 2023 income year. Question 15Select one: A. $ 0 B. $3,100 C. $ 2,300 D. $1,400
Question: Sophie, a resident taxpayer, is employed by X & Y Bank as a financial accountant. During the 2023 income year, Sophie incurred the following expenses in connection with fulfilling her duties as an employee: Train fares from home to Brisbane CBD necessary to attend her employer's office each work day $ 1,700 Purchases of professional work clothes (suits, skirts and dress shoes) in order to comply with the X & Y work dress code of wearing business attire at all times $1,400 Lunch costs every Wednesday when early team meetings prevent Sophie from preparing and bring a lunch from home $ 900 From the above information, calculate the total deduction available to Sophie under s.8-1 in respect of the 2023 income year. Question 15Select one: A. $ 0 B. $3,100 C. $ 2,300 D. $1,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question:
Sophie, a resident taxpayer, is employed by X & Y Bank as a financial accountant. During the 2023 income year, Sophie incurred
the following expenses in connection with fulfilling her duties as an employee:
Train fares from home to Brisbane CBD necessary to attend her employer's office
each work day $ 1,700
Purchases of professional work clothes (suits, skirts and dress shoes) in order
to comply with the X & Y work dress code of wearing business attire at all
times $1,400
Lunch costs every Wednesday when early team meetings prevent Sophie
from preparing and bring a lunch from home $ 900
From the above information, calculate the total deduction available to Sophie under s.8-1 in respect of the 2023 income
year.
Question 15Select one:
A.
$ 0
B.
$3,100
C.
$ 2,300
D.
$1,400
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