SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN: 9780357391266
Author: Nellen
Publisher: Cengage
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Students have asked these similar questions
Asshish is a medical doctor and a scientist. He works at a local hospital in the mornings, attending to patients.
At lunchtime he takes a train to the local university where he works in a research laboratory. At the end of the
day, he takes the train home.
Advise Asshish as to the tax deductibility of the train fares.
O The train fare from the university to his home will not be deductible as it is a private or domestic expense
O The train fare from the university to his home will be deductible as it is necessary to put him in a position to earn the
income
O The train fare from the university to his home will not be deductible as it is a fringe benefit tax
O The train fare from the university to his home will be deductible as it is directly connected to his income exertion
Jenny is a student from Sweden who comes to Australia to study for a four-year bachelor degree in business. Jenny lives in rental accommodation near the university with fellow students and works part-time at the university social club as a waitress. After six months, she has to withdraw from her studies and return to Sweden because her mother is unwell.
Required: With reference to legislation, cases and tax rulings, advise Jenny whether she is a resident of Australia for tax purposes
A taxpayer who is domiciled in Virginia is forced to relocate to California under military
orders. Their spouse joins them in the move. Are they considered residents of California and
do they have California source income?
Select one:
O a. They are not considered residents of California and neither have California source income.
b. They are considered nonresidents of California, but the wife is considered to have California
source income for income earned in the state during and after the move.
O c. They are both considered California residents because they live and work inside California and
both have California source income.
O d. They are both considered California residents because they live and work inside California, but
the service member is not considered to have California source income.
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- Jennie’s grandfather paid her tuition this fall to State University (an eligible educational institution). Jennie is claimed as a dependent by her parents, but she also files her own tax return. Can Jennie claim an education credit for the tuition paid by her grandfather? What difference would it make, if any, if Jennie did not qualify as a dependent of her parents (or anyone else)?arrow_forwardIsko owns a residential condominium unit in Manila Prime Towers Condominium (MPTC), which he later on sold to Bato. Apparently, Isko did not report such sale; did not pay the capital gains tax due; and did not declare the proceeds of sale as part of his income when he filed his tax returns. On a routine examination, the Bureau of Internal Revenue (BIR) happens to check on Isko’s tax returns. Knowing that Isko had a unit in MPTC, BIR asked management of information about it and its ownership status, which MPT complied. BIR learned that Isko did not register his sale of his unit and pay the taxes due, hence, he was assessed with deficiency taxes. Isko now questions the act of MPTC in providing his information and data to the BIR. He claims that he was not inform by the MPTC and did not authorize the giving of such information. He said that MTC violated his rights under the Data Privacy Act. Is Isko correct? Why or why not. Support your answer with the provision/s of the law.arrow_forwardJackson was born in Albania and is a qualified computer programmer. He is married to June and they have three young children. Jackson and his family migrated to Australia on 9 November 2019. Jackson and his family intend to live permanently in Australia. In relation to Jackson's residency of Australia for tax purposes which of the following statements is correct? a. Jackson will not become a resident of Australia as he must have a domicile of origin in Australia. b. Jackson is a resident of Australia under the Super fund rule from 1 July 2019. c. Jackson is a resident of Australia from 1 July 2019 under the Domicile Rule. d. Jackson is a resident of Australia under the 183 Day Rule.arrow_forward
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