Question 19 1 points Violet operates her own legal practice in Wagga Wagga along with...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Question 19 1 points Violet operates her own legal practice in Wagga Wagga along with her three employees. She incurred the following expenses during the current year of income. Aset of law reports containing all decided cases relevant to commercial law purchased for $4,300 on 1 August 2019. The reports will be used in the firm for years to come. An annual subscription of 550 for a weekly low webinar paid on 15 March 2020, Professional indemnity insurance premium (for one year) of $2,700 paid on 1 July 2019. Travelling costs of $450 paid to a prospective employee to attend an employment interview. The prospective employee flew from Adelaide to Woggs Wages and Violet reimbursed the costs of the travel Morning teas provided to employees during the year cost 1,100. What is the total amount that is deductible under s 8-1 ITAA97 for the above expenditure during the year? O $550 54.250 55,200 $4,800 0 $4,300 Question 19 1 points Violet operates her own legal practice in Wagga Wagga along with her three employees. She incurred the following expenses during the current year of income. Aset of law reports containing all decided cases relevant to commercial law purchased for $4,300 on 1 August 2019. The reports will be used in the firm for years to come. An annual subscription of 550 for a weekly low webinar paid on 15 March 2020, Professional indemnity insurance premium (for one year) of $2,700 paid on 1 July 2019. Travelling costs of $450 paid to a prospective employee to attend an employment interview. The prospective employee flew from Adelaide to Woggs Wages and Violet reimbursed the costs of the travel Morning teas provided to employees during the year cost 1,100. What is the total amount that is deductible under s 8-1 ITAA97 for the above expenditure during the year? O $550 54.250 55,200 $4,800 0 $4,300
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!