HI6028 Taxation Theory, Practice & Law - Case Study Assignment Help

Assignment Help on Case Studies of Income, Deductions and Tax Liability

Assignments’ Instructions and Requirements

Question 1

(15 MARKS)

Rakesh Roy is a teacher at a Hindi-language school in Australia. As part of a competitive process, he was selected to participate in a prestigious 10-day education conference in India. His employer supported Rakesh Roy’s participation by allowing him to travel to the conference without leave but did not pay for the travel expenses.

Rakesh Roy incurred expenses of $3,000 on a return plane ticket between India and Australia
$300 on travel
His hotel costs during the conference were covered by the conference organiser, but Rakesh Roy stayed an additional 3 days at the hotel so that he could do some The extra nights at the hotel cost him

$1,000.

Advise Rakesh Roy based on case law and legislation, as to whether the above expenses would be deductible for income tax purposes.

Explain in detail the facts of the scenario, relevant tax laws and cases, apply the laws and cases and give your conclusion. (Maximum 700 words)

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B. (10 MARKS)

Andy is a technician working with the school. Due to a dangerous workplace accident, Andy became ill. Andy received compensation of $125,000. The lump sum was divided into $42,000 loss of earning, $57,000 loss of future earning capacity and $26,000 for pain and suffering. Based on legal provision and case law, advise Andy, will any of these amounts be assessable income?

Furthermore, advise Andy whether it would be better to accept a lesser sum of $65,000 without any agreed allocation of the funds between current and future earnings and pain and suffering. (Maximum 500 words)

QUESTION 2 -

(15 MARKS)

After completion of your course, you start working at an accounting and tax office. Anna is your first client. She requires to lodge her income tax for 2021/22. She gave her annual income and deduction below. Calculate her Total Assessable Income, Taxable Income, Tax Liability, Medicare Levy and Medicare Levy Surcharge, if applicable, for the taxpayer (Anna) with the information below:

Anna is a resident single mom with one dependent son (4 years old) taxpayer of Australia for the tax year 2021-2022.
Her Taxable Salary earned is $107,000 (Including tax withheld), having no private health
She had a $9,000
Anna has a student loan outstanding for his previous studies at Sydney University of $37,000.
Anna’s employer pays superannuation guarantee charge of 10% on top of her salary to her nominated
Anna earned a passive income of $10,000 from the investments in shares in the same tax

Hint: The following website can be used to cross-check your answers, but you need to provide detailed calculations, rates and explanations with screenshots of rates from the ATO website. https://www.paycalculator.com.au/

Submission guide: Strictly NO excel sheet(s) or screenshots of excel calculations and/or tables are allowed. Kindly use word document tables for your answers and please avoid writing the calculations in narration format.

Academic Integrity

Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Sills link on Blackboard.

Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.

Table 1: Six categories of Academic Integrity breaches

Plagiarism	Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism.
Collusion	Working with one or more other individuals to complete an assignment, in a way that is not authorised.
Copying	Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence.
Impersonation	Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.
Contract cheating	Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.
Data fabrication and falsification	Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images.

If any words or ideas used the assignment submission do not represent your original words or ideas, you must cite all relevant sources and make clear the extent to which such sources were used.

In addition, written assignments that are similar or identical to those of another student is also a violation of the

Holmes Institute’s Academic Conduct and Integrity policy.

The consequences for a violation of this policy include a range of penalties varying from a 50% penalty through suspension of enrolment. The penalty would be dependent on the extent of academic misconduct and your history of academic misconduct issues.

All assessments will be automatically submitted to SafeAssign to assess their originality.

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