Module 07

Post Workshop Tax Calculation & Tax Return Activity

You are required to create a tax return for the following taxpayer which includes completing all relevant
worksheets.

Check out the ATO’s Guide to factory worker’s income and work-related deductions

CLIENT CONTACT FORM

First Name Tonena
Surname Ricardo
Title Ms Gender Female
Date and Place of Birth 18 January 1975, Footscray, Victoria
Tax File Number 362 304 147
Home Address 26 Helena Way, Gisborne VIC 3437
Postal Address As above
Telephone Number 0477 889 556
Email Address tonenat@hotmailish.com
Bank Account Details BSB 013 333 Account 884569 Name Tonena Ricardo
Occupation Warehouse Manager
Spouse Name Not Applicable
Spouse Date of Birth Not Applicable
Spouse Taxable Income / ATI Not Applicable
Children / Dependents Not Applicable

Additional Information
▪ Tonena took 2 weeks’ annual leave during the year. She did not do any work during this time.
▪ Tonena worked from home 3 days per week (10 hours per day) for 26 weeks overseeing staff at
multiple worksites. She has timesheets to verify the hours worked.
▪ Tonena owns a rental property in Tasmania with her friend Sharon in equal shares. The house was
settled and rented out on 01 July 2019.
▪ Tip: Remember to check your dates regarding deductibility of rental property expenses!

1
2
 Travel
MV – Toyota Camry (ZYX321)
Required to travel between
warehouses – 3,270 kilometres
Trips documented in work diary
Tolls incurred during above travel -
$279 Linkt accounts attached.
Travel to tax agent – 56km

2022

2022

3
 2023

$16,900.00

$16,900.00

$13,221.60

1 July 2019 – 30 June 2020 4,284 1 July 2022 – 30 June 2023 4,284

1 July 2020 – 30 June 2021 4,284 1 July 2023 – 30 June 2024 4,284

1 July 2021 – 30 June 2022 4,284 1 July 2024 – 30 June 2025 4,284

4
Original division 40 cost - $30,342 Depreciation Allowance
Total Cost at Effective Life Basic Rate
1/7/2019 - 1/7/2020 - 1/7/2021 - 1/7/2022 - 1/7/2023 -
1 July 2019 (Years) (DV)
Tax Grouping 30/6/2020 30/6/2021 30/6/2022 30/6/2023 30/6/2024
Original division 40 cost - $30,342 Year 1 Depreciation
Year 2 Allowance
Year 3 Year 4 Year 5
Total Cost at Effective Life
Division 40 - Plant & equipment based on effective life rates Basic Rate
1/7/2019 - 1/7/2020 - 1/7/2021 - 1/7/2022 - 1/7/2023 -
Original
Existing unit division 40 cost - $30,342
specific 1 July 2019 (Years) (DV) Depreciation Allowance30/6/2023
Tax Grouping 30/6/2020 30/6/2021 30/6/2022 30/6/2024
Air conditioner - Split Systems 2,906
Total Cost 10 Life
at Effective 20.00%
Basic Rate 5831
Year 4652
Year 3723
Year 2974
Year 2385
Year
1/7/2019 - 1/7/2020 - 1/7/2021 - 1/7/2022 - 1/7/2023 -
Automatic
Division 40 -Garage
Plant & Door - Controls
equipment based on effective life 1 July 2019
rates 168 (Years)
5 (DV)
40.00% 67 40 24 15 9
Tax Grouping 30/6/2020 30/6/2021 30/6/2022 30/6/2023 30/6/2024
Existing unitGarage
Automatic specificDoor - Motors 686 10 20.00% 138
Year 1 110
Year 2 Year883 Year704 56
Year 5
Air conditioner
Division
Bathroom Plant- Split
40 -Accessories Systems
& equipment based on effective life rates 2,906
- Freestanding 232 105 20.00%
40.00% 583
93 465
56 372
33 297
20 238
12
Existing
Automatic
Carpet unit specific
Garage Door - Controls 168
2,351 10 5 40.00%
20.00% 67
471 40
376 24
301 15
241 1939
Air conditioner
Automatic
Cooktops Garage- Split Systems
Door - Motors 2,906
686
971 10
12 20.00%
16.70% 583
138
163 465
110
135 372
88
112 297
70
94 238
56
78
Automatic
Bathroom
Dishwashers Garage
Accessories Door - - Controls
Freestanding 168
232
1,406 5
10 40.00%
20.00% 67
93
282 40
56
225 24
33
180 15
20
144 9
12
115
Automatic
Carpet
Exhaust FansGarage Door - Motors 686
2,351
464 10
10 20.00%
20.00% 138
471
93 110
376
74 88
301
59 70
241
48 56
193
38
Bathroom Accessories
CooktopsTimber Floors
Floating - Freestanding 232
971
5,271 5
12
15 40.00%
16.70%
13.30% 93
163
703 56
135
608 33
112
527 20
94
457 12
78
397
Carpet
Dishwashers
Garbage Bins 2,351
1,406
279 10
10 20.00%
20.00% 471
282
56 376
225
45 301
180
36 241
144
28 193
115
23
Cooktops
Exhaust Gas
Heating Fans- Ducted Central Unit 971
464
3,888 12
10
20 16.70%
20.00%
10.00% 163
93
390 135
74
350 112
59
315 94
48
283 78
38
256
Dishwashers
Floating
Hot Timber
Water SystemsFloors
- Solar 1,406
5,271
4,008 10
15
15 20.00%
13.30%
13.30% 282
703
535 225
608
462 180
527
400 144
457
347 115
397
302
Exhaust
Garbage
Light Fans
Bins
Shades 464
279
822 105 20.00%
40.00% 93
56
330 74
45
197 59
36
118 48
28
71 38
23
43
Floating Timber
Heating Gas
Ovens FloorsCentral Unit
- Ducted 5,271
3,888
1,740 15
20
12 13.30%
10.00%
16.70% 703
390
291 608
350
242 527
315
202 457
283
168 397
256
140
Garbage
Hot Water
RangehoodsBins
Systems - Solar 279
4,008
919 10
15
12 20.00%
13.30%
16.70% 56
535
154 45
462
128 36
400
106 28
347
89 23
302
74
Heating
Light Gas
Shades
Smoke Alarms - Ducted Central Unit 3,888
822
291 2065 10.00%
40.00%
33.30% 390
330
97 350
197
65 315
118
43 283
71
29 256
43
19
Hot
OvensWater
Subtotal Systems - Solar 4,008
1,740
26,402 15
12 13.30%
16.70% 535
291
4,446 462
242
3,578 400
202
2,916 347
168
2,401 302
140
1,993
Light Shadesunit specific
Rangehoods
Additional 822
919 5
12 40.00%
16.70% 330
154 197
128 118
106 71
89 43
74
Ovens
Smoke Alarms
Security System 1,740
291
750 1256 16.70%
33.30%
40.00% 291
97
301 242
65
180 202
43
108 168
29
64 140
19
39
Rangehoods
Subtotal
Blinds 919
26,402
400 12
10 16.70%
20.00% 154
4,446
80 128
3,578
64 106
2,916
51 89
2,401
41 74
1,993
33
Smoke
Floor Alarms
Additional
Carpet unit specificGrass & Matting
- Artificial 291
2,090 65 33.30%
40.00% 97
838 65
501 43
300 29
180 19
109
Subtotal
SecurityCircuit
Closed SystemTelevision - Cameras & Monitors 26,402
750
475 45 40.00%
50.00% 4,446
301
238 3,578
180
119 2,916
108
59 2,401
64
30 1,993
39
15
Additional
Closed unitTelevision
Blinds Circuit specific - Digital Recorders 400
225 104 20.00%
50.00% 80
113 64
56 51
28 41
14 337
Security
Floor System
Carpet
Subtotal - Artificial Grass & Matting 750
2,090
3,940 5 40.00% 301
838
1,570 180
501
920 108
300
546 64
180
329 39
109
203
Blinds
Closed Circuit Television
Total Division 40 - Plant - Cameras & Monitors 400
475
30,342 10 4 20.00%
50.00% 80
238
6,016 64
119
4,498 51
59
3,462 41
30
2,730 33
15
2,196
Floor
Closed
Total Carpet
Circuit- Artificial
Division Television
40 - PooledGrass & Matting
- Plant
Digital Recorders 2,090
2250 54 40.00%
50.00% 838
1130 501
560 300
280 180
140 10907
Closed
Total Circuit
Division
Subtotal Television
40 - Cameras & Monitors 475
30,342
3,940 4 50.00% 238
1,570
6,016 119
920
4,498 59
546
3,462 30
329
2,730 15
203
2,196
Cumulative
Closed capital
Circuit 40
Total Division loss
Television total
- Plant - Digital Recorders 225
30,342 4 50.00% 6,016
113 10,514
56
4,498 13,976
28
3,462 16,706
14
2,730 18,902
7
2,196
Total Division 40 - Pooled Plant
Subtotal 3,9400 1,5700 9200 5460 3290 2030
Total Division
Total Division40 40- Plant 30,342
30,342 6,016
6,016 4,498
4,498 3,462
3,462 2,730
2,730 2,196
2,196
Cumulative capital loss total
Total Division 40 - Pooled Plant 0 6,016
0 10,514
0 13,976
0 16,706
0 18,902
0
Total Division 40 30,342 6,016 4,498 3,462 2,730 2,196
Cumulative capital loss total 6,016 10,514 13,976 16,706 18,902
Other rental expenses
Landlord Insurance $350.98

Building Insurance $978.65

Flights
(for rental inspection) $198.00