Applied Education Student Forum » All Posts https://forum.appliededucation.edu.au/forum/fns50210-diploma-accounting-fns60210-advanced-accounting-2/fnsacc603a/feed Wed, 24 Feb 2021 18:54:58 +0000 https://bbpress.org/?v=2.6.3 en-AU https://forum.appliededucation.edu.au/topic/personal-services-income-q15-6#post-32817 <![CDATA[Reply To: Personal Services Income (Q15.6)]]> https://forum.appliededucation.edu.au/topic/personal-services-income-q15-6#post-32817 Tue, 26 Sep 2017 20:20:49 +0000 Don’t worry about this, I figured this out.

]]> https://forum.appliededucation.edu.au/topic/q17-22#post-32692 <![CDATA[Reply To: Q17.22]]> https://forum.appliededucation.edu.au/topic/q17-22#post-32692 Tue, 12 Sep 2017 02:23:28 +0000 James Chung Thanks for the query.

As your mentioned, those cost are operating costs therefore, are part of deduction expenses for income tax purposes.

In this question, you are calculating Fringe Benefits Tax which is different with income tax.

Please find attached ATO website for more details of FBT:
https://www.ato.gov.au/General/Fringe-benefits-tax-(FBT)/

regards

]]> https://forum.appliededucation.edu.au/topic/q17-22#post-31984 <![CDATA[Q17.22]]> https://forum.appliededucation.edu.au/topic/q17-22#post-31984 Sun, 10 Sep 2017 21:46:37 +0000 In the Answer section, the Depreciation and Imputed interest are not included in the Operating Cost method calculation.  They are part of the formula for the Operating Cost method. Why are those items excluded?

]]> https://forum.appliededucation.edu.au/topic/personal-services-income-q15-6#post-31948 <![CDATA[Personal Services Income (Q15.6)]]> https://forum.appliededucation.edu.au/topic/personal-services-income-q15-6#post-31948 Sun, 10 Sep 2017 10:05:19 +0000 I noted that in calculating taxable income for both Byron and Kyla, their salaries ($40000 and $20000) not included. Why?

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