Table of Contents

Taxation Rates and Rebates for the 2019/20 year of income  Section 1: Questions with Suggested SolutionsAssessable IncomeCapital GainsFringe BenefitsDeductionsTrading StockDepreciationTaxation of IndividualsPartnershipsTrustsCompanies and DistributionsAdministration and AssessmentGoods and Services Tax Section 2: Questions without Suggested Solutions CATEGORY A: CONCEPTUAL QUESTIONSShort answer questions and should take approximately 10 minutes to complete.Assessable Income Capital Gains Fringe Benefits Deductions Trading Stock Depreciation Taxation of IndividualsPartnershipsTrustsCompanies and DistributionsAdministration and AssessmentGoods and Services Tax  CATEGORY B: OTHER QUESTIONSThese questions are more involved and will take approximately 20 and 60 minutes to complete.Assessable Income Capital Gains Fringe Benefits Deductions Trading Stock Depreciation Taxation of IndividualsPartnershipsTrustsCompanies and DistributionsAdministration and AssessmentGoods and Services Tax CATEGORY B: MULTI-ISSUE QUESTIONSThese questions cover multiple taxation topics and will take approximately 20 and 60 minutes to complete.Assessable Income Capital Gains Fringe Benefits Deductions Trading Stock Depreciation Taxation of IndividualsPartnershipsTrustsCompanies and DistributionsAdministration and AssessmentGoods and Services TaxSection 3: Suggested Solutions Assessable Income Capital Gains Fringe Benefits Deductions Trading Stock Depreciation Taxation of Individuals Partnerships Trusts Companies and Distributions Administration and Assessment Goods and Services Tax

About the Author

Les Nethercott is Adjunct Associate Professor, Department of Accounting, La Trobe University. Ken Devos is Associate Professor, Faculty of Business and Law, Swinburne University. Livia Gonzaga is Assistant Director, Entry Level Programs, Australian Taxation Office.