Question

In: Accounting

Alex is resident of the UK for tax purposes. He lives in Australia and had $90,000...

Alex is resident of the UK for tax purposes. He lives in Australia and had $90,000 assessable income from Australian sources in 2019/2020. He does not have any allowable deductions.

Required:

a- What is Alex’s taxable income?

b- Calculate Alex’s tax payable.

Solutions

Expert Solution

Thus, tax payable should be calculated on $90,000 or it should be converted into pound and calculate tax was clearly not stated . Both type of tax calculations are done.


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