Harry is a bricklayer and has receipts for all of the following expenses incurred during the 2020 year. $180 Steel cap boots $120 Heavy duty Hard Yakka pants $ 92 Shirts with logo - compulsory to wear $ 80 Heavy duty Hard Yakka shorts $130 Dress shoes for meeting with clients and the bank Harry washes all his work clothes together 2 times each week. He has had 4 weeks holiday this year. Calculate the amount Harry can claim at Item D3 on his tax return.

Harry is a bricklayer and has receipts for all of the following expenses incurred during the 2020 year. $180 Steel cap boots $120 Heavy duty Hard Yakka pants $ 92 Shirts with logo - compulsory to wear $ 80 Heavy duty Hard Yakka shorts $130 Dress shoes for meeting with clients and the bank Harry washes all his work clothes together 2 times each week. He has had 4 weeks holiday this year. Calculate the amount Harry can claim at Item D3 on his tax return.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter6: Deductions And Losses: In General

Section: Chapter Questions

Problem 39P

See similar textbooks

Similar questions

Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 1,127, another in May costing 2,209 and the last in December costing 1,043. If Faisal has a straight deductible of 324. How much will the insurer pay?
Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 2,889, another in May costing 2,605 and the last in December costing 1,003. If Faisal has an aggregate deductible of 1,084. How much will the insurer pay?
QOn February 15th, Jody had $17,000 in her RRSP. On that same day, she made a contribution of $6,500, increasing the total to $23,500. On March 1st, the RRSP was credited with $1,500 in earnings, increasing the RRSP balance to $25,000. On March 15th, Jody went to the bank to withdraw RRSP funds to help her purchase her first home. Considering that Jody wants to deduct her February contribution, what is the maximum eligible amount she can withdraw from her RRSP under the Home Buyers’ Plan?
Melissa and Parker each deposit the money they earn at their summer jobs in bank accounts that pay different interest deposits $520, and Parker initially deposits $550. The table shows the amounts they have in each of their accounts for th Time (quarters of a year) 1 2 3 4 Melissa's Total ($) 520.00 527.80 535.72 543.75 Parker's Total ($) 550.00 555.50 561.06 566.67 What is the total in the 8th quarter for each person? Round your answer to the nearest cent. Melissa's Total: $ type your answer... type your answer... Complete the sentence below for the money in the 12th quarter. Rounded to the nearest cent, in quarter 12, Melissa's total with be $ type your answer... , and Parker's total will be $ type your answer... So, Melissa will have choose your answer... money than Parker. choose your answer... less more .Parker's Total: $ Complete the sentence below for the money they will have earned after 16 quarters,. Rounded to the nearest cent, after 16 quarters, Melissa will have earned $…
Ted works for a large Accounting Firm. His normal commute to the office is 20 miles. Today, he drove 25 miles from home to a client. From the client, Ted drove 5 miles to the E&Y office. From the Accounting Firm office, he drove 20 miles home for the night. Accounting Firm reimbursed Ted for 50 miles of driving at $.57.5 per mile. How much of the 50 mile reimbursement should be taxable to Ted? 25 miles 50 miles 45 miles 20 miles
waldo deposits $114 into his retirement account each month. The account has an APR of 6.70% he intends to retire in 24 years. He is lucky in that his employer has a 100% matching program. use Excel to calculate the account balance after 24 years. fonts forget to put employee contributions in your deposit amount
During the year, Sandy went from Detroit, MI to Chicago on business. She flew to Chicago on Sunday, worked on Monday and Tuesday, did some sightseeing on Wednesday and Thursday, and flew home on Friday. Her expenses are as follows: Air fare $400 Total Meal Expenses $600 ($100 per day) Assuming no reimbursement, calculate Sandy’s total allowable deduction for her travel expenses.
Bob owns a collection agency. He purchases uncollected accounts receivable from other businesses at 70% of their face value and then attempts to collect these accounts. During the current year, Bob collected $75,200 on an account with a face value of $90,240. Bob has debt deduction. He has of $fill in the blank 3.
Hannah received an invoice in the mail from Carpet Country for $4235. The invoice was dated March 22 and had term 3/15, 2/20 , n/60. If she made payment of $1000 on each of April 2, April 9, and April 22, how much does Hannah still owe?
This year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $74,400 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) $ 1,200 Interest paid on accumulated student loans 2,940 Cost of purchasing a delivery uniform 1,540 Cash contribution to State University deliveryman program 1,370 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year.
V5. 1.) Beau who just turned 33 works for Textile Industries and makes an annual income of $50,200. Calculate both employee and employer contributions. 2.) Harpreet’s dad had hired her to work part time for his business while she was in grade 9. He had her doing some filing and answering phones over the summer and paid her $17,500. Calculate both employee and employer contributions 3.) Hugo is self-employed and made an income of $226,855 this year. Calculate the total CPP contributions
This year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $72,600 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) $ 1,200 Interest paid on accumulated student loans 2,820 Cost of purchasing a delivery uniform 1,420 Cash contribution to State University deliveryman program 1,310 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year. Please post the right solution for this problem, for year 2022. This is for Tax 4001. Thank you.