Country : Australia
Assignment Task:

Task:

QUESTION 1 – THREE SHORT ANSWER QUESTIONS

• Part 1 Taxpayer entity, Imposition of taxation, HECS payments in the tax system?

• Part 2 Tax avoidance, Meaning, an example and the associated taxation law.

• Part 3 Source – a foreign company? 5 marks

Part 1
Taxpayer entity, Imposition of taxation, HECS payments in the tax system James is 18 and graduated from school scoring highly in his ATAR results but chooses not to further his career at the tertiary level. James decides to take up a carpentry apprenticeship with Uncle Jack and begins on 1 December 2019 earning wages of $28,000p.a. But, James submits a late enrolment in civil engineering as a part-time student. James has savings in his bank account and chooses to pay his Student Contribution fees upfront to take advantage of the 10% discount. His discounted Student Contribution payment part-time for the year is $4,100.

 

Part 2 – Tax Avoidance
Meaning, an example, and the associated taxation law.
Required:
a) What is tax avoidance? – Explain 2 marks
b) Choose and describe an example of Tax Avoidance practiced by a taxpayer. 1 mark
c) How does the current taxation law apply to the example you have chosen.

 

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  • Posted on : November 03rd, 2018
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