tax return there are two parts forthe assignment: part A- complete an income tax return forthis part to be completed, you will have to include: 1. Taxable income Assessable income e.g Note 1. Sales $75,000 Less Allowable deductions e.g Note 2. Electricity bill $5,000 2.explanatory notes e.g Note 1. Sales Note 2. Electricity bill (Please provide sections and cases in your explanation) 3.Decline in value (tax term for depreciaion, you will need to caculate how much assets we can get deduction fort he yean 4.income tax return Part B-Calculate any fringe benefits tax liability ljust need to complete these transactions: Entertainment Allowance Superannuation Expense Subscription to Vogue Magazine Loan repayment Fixed asset acquisition Cash purchase -trading stock Payment to creditors essential texts: Core Tax Legislation and Study Guide, Barkoczy,2013, 16th edition Foundations ofTax, Barkoczy, 2013, 5th edition

tax return there are two parts forthe assignment: part A- complete an income tax return forthis part to be completed, you will have to include: 1. Taxable income Assessable income e.g Note 1. Sales $75,000 Less Allowable deductions e.g Note 2. Electricity bill $5,000 2.explanatory notes e.g Note 1. Sales Note 2. Electricity bill (Please provide sections and cases in your explanation) 3.Decline in value (tax term for depreciaion, you will need to caculate how much assets we can get deduction fort he yean 4.income tax return Part B-Calculate any fringe benefits tax liability ljust need to complete these transactions: Entertainment Allowance Superannuation Expense Subscription to Vogue Magazine Loan repayment Fixed asset acquisition Cash purchase -trading stock Payment to creditors essential texts: Core Tax Legislation and Study Guide, Barkoczy,2013, 16th edition Foundations ofTax, Barkoczy, 2013, 5th edition