Which of the following would not be considered to be tax planning. An arrangement that: Reduces or defers assessable income Maximises or accelerate deductions Utilise different tax rules Maximises tax offsets Splits or diverts income Does not disclose incom
Which of the following would not be considered to be tax planning. An arrangement that:
- Reduces or defers assessable income
- Maximises or accelerate deductions
- Utilise different tax rules
- Maximises tax offsets
- Splits or diverts income
- Does not disclose income
Kenny is an Australian resident adult individual who’s professional footballer and employee of an Australian football league club. During the income year, he received and derived the following amounts:
$200,000 Match fees for his work in playing football games for his club in the league.
$20,000 Prize awarded for being best and fairest player in the league.
$10,000 Appearance fees for his services in appearing on a television show.
$5000 Car expenses reimbursed by an employer based on distance travelled.
During the income year. he incurred the following deductible outgoings:
$10,000 marriage fees
Kenny’s total accessable income for the income year is:
$245000 $235000 $230000 $225000 $220000 $215000 $210000 $205000 $200000
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