HA3042 - The Sources of Taxation Law and The Framework - Taxation Law Assignment Help

Assignment Task

Purpose of the assessment

The individual assignment will assess students on the following learning outcomes, as listed below:

1. Identify the sources of taxation law and the framework in which taxation is administered

2. Identify various types of taxation including income tax, consumption taxes, goods and services tax, taxes on capital and fringe benefits tax

3. Identify and apply the fundamentals of calculating the taxable income and tax payable for individuals and business entities

5. Communicate knowledge of taxation law, through written and/or Oral communication, and be able to demonstrate critical thinking and legal analytical skills.

Question Jannie is your first client. She wants to know about some tax-related provisions and practices. She asks some questions - what are the legal provision related to Taxable income, Medicare levy, and Medicare levy surcharge? Answer these questions based on legal provision and practice. 

She needs to lodge his income tax for 2020/21. Calculate her Total Assessable Income, Taxable Income, Tax Liability, Student loan (HECS), Medicare Levy, and Medicare Levy Surcharge if applicable, for the taxpayer with the information below:

• Jannie is a single and an Australian resident who plans to lodge tax for the tax year 2020 -2021

• Her total taxable income is $100,000 (Including tax withheld) • She does not have private health insurance.

• Jannie has a student loan HECS outstanding for her previous study at Tasmania University of $43,000.

• Her employer pays a superannuation guarantee charge of 9.5% on top of her salary to her nominated fund.

• Jannie earned a passive income of $6,000 from the investments in shares in the same tax year.

This HA3042 -  Law has been solved by our Phd experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinctio.