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Q1 Which of the following is an example of an expense that is not deductible due...

Q1 Which of the following is an example of an expense that is not deductible due to its private or domestic nature?

a. A laptop computer that is used solely for work

b. None of the answers are correct

e. Travel from home to work

Q2 Which of the following self-education expenses is specifically not deductible?

Select one:

b. Student association fees over $500

d. HELP charges

e. Library late fees

Q3 Which of the following circumstances may allow a taxpayer to claim deductions for work related expenses without retaining receipts?

Select one:

a. Car expenses where a car is used for less than 5,000 work related kilometres

b. Work related deductions amount to a total of $500

d. A piece of work related equipment costing less than $200 is recorded in a diary

Q4 Which of the following expenditure on work related clothing is not deductible?

Select one:

a. Suits worn by an accountant

d. Uniform worn by a fast food attendant

e. Protective helmet worn by a miner

Business   Accounting   
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Homework Answers

Answer #1

FOLLOWING ARE THE ANSWERS TO THE ABOVE MENTIONED QUESTIONS.

Q1 . E) TRAVEL FROM HOME TO WORK     

          .GENERALLY IT IS CONSIDERED TO BE PRIVATE CHARGE . ONLY WORK RELATED TRAVELING IS ALLOWED AS DEDUCTION

Q2. A)STUDENT ASSOCIATION FEE ABOVE $500                        

                          

Q3. B) WORK RELATED DEDUCTION AMOUNT TO $500

Q4) A) SUIT WORN BY AN ACCOUNTANT

THANK YOU

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