Which of the following statements is incorrect?
A) A mobile phone expense involving 100% of calls for private purposes is not deductible under section 8-1 ITAA97
B) The purchase costs of new machinery to a taxpayer carrying on a business is not deductible under section 8-1 ITAA97
C) The payment of speeding fines would be deductible under section 8-1 ITAA97
D) Expenses relating to the derivation of exempt income are not allowable as a deduction under section 8-1 ITAA97
Correct Answer:
Verified
Q1: Which of the following statements is true?
A)
Q2: A business taxpayer has incurred an interest
Q4: If the payment date or nature of
Q5: Cedric uses his mobile phone for work.
Q6: Sam is an accountant and has paid
Q7: Top Quality Printers Pty Ltd purchased a
Q8: Edward is required to travel for work.
Q9: A former taxation officer incurred and claimed
Q10: Helen likes to have her husband, Louis,
Q11: Stuart is a self employed architect and
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