Background For the purposes of this exam question you are a graduate accountant working in a public practice accounting firm.
Background For the purposes of this exam question you are a graduate accountant working in a public practice accounting firm. Your boss has handed you a client file containing the below information relating to the following two resident, adult taxpayers Frankie Kay and Kerry Torres, who are both clients of the practice. These individuals are in a de factor relationship and reside at the same address. Frankie Kay’s Information Information Source 1: Frankie’s Australian Tax Office Prefiling report for 2022 contains the following information * Gross Payment from Salary & Wages $120,000 (Occupation: Social Worker) Allowances in relation to Salary & Wages: Car Allowance $ 5,000 Clothing Allowance 5 2,000 PAYG Withholding on Salary & Wages $ 29,000 Interest from Bank of Us 5 5,000 ($2,350 tax withheld) Private Health insurance information showing full coverage for Frankie Kay for the entire financial year. Share related transactions Sale of 500 BHP Ltd (BHP) shares (13/08/2021} Purchase of 1,000 Xero Lid (XRO) shares (01/10/2021} Sale of 1,000 Macquarie Group Led (MOG) shares (03/06/2022) Your boss has helpfully written the following comments on the back of the prefilling report Parcel of 500 BHP shares sold above were purchased 30/10/2020 at $33.78 per share BHP share price on 13/08/2021 was $52.81 per share Parcel of 1,000 MOG shares sold above were purchased 27/08/2020 at $80.01 per share MOG share price on 08/06/2022 $184.04 The client has a $10,000 loss carried forward from shares sold in prior years.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.