Cameron works as an accountant for PWC Pty Ltd. Hoping to increase his earnings, he re-enrolled to University to do a degree in Forensic Accounting. During the 2020 financial year, he paid $9,000 in course fees, plus $1,600 in textbooks. He also paid $900 for travel expenses to travel from his home... to university... and back to his home. Required: How much can Cameron claim in allowable deductions during the 2020 financial year? (You must give reasons for your calculations and refer to law)
Cameron works as an accountant for PWC Pty Ltd. Hoping to increase his earnings, he re-enrolled to University to do a degree in Forensic Accounting. During the 2020 financial year, he paid $9,000 in course fees, plus $1,600 in textbooks. He also paid $900 for travel expenses to travel from his home... to university... and back to his home. Required: How much can Cameron claim in allowable deductions during the 2020 financial year? (You must give reasons for your calculations and refer to law)
Chapter6: Business Expenses
Section: Chapter Questions
Problem 33P
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Cameron works as an accountant for PWC Pty Ltd. Hoping to increase his earnings, he re-enrolled to University to do a degree in Forensic Accounting.
During the 2020 financial year, he paid $9,000 in course fees, plus $1,600 in textbooks.
He also paid $900 for travel expenses to travel from his home... to university... and back to his home.
Required: How much can Cameron claim in allowable deductions during the 2020 financial year? (You must give reasons for your calculations and refer to law)
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