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# Part A 1 . AMANDA :` Gross salary \$124000 AN Z Saving Account - Interest 3 %/0 \$270 AN Z Bond Fund - Distribution \$900 ANZ Bank Dividend \$1980 +...

Hello, This is my questions and answer (Part 1A). Can you guys check if it correct or not?

Part A
1 .
AMANDA :`
Gross salary
\$124000
AN Z Saving Account - Interest 3 %/0
\$270
AN Z Bond Fund - Distribution
\$900
ANZ Bank Dividend
\$1980
+ Imputation Credit
\$848.57
Macquarie Group Dividend
\$787. 50
+ Imputation Credit
\$337. 50
Total
\$ 129123.57
Expenses.
Travelling*
\$7500
FCPA Membership Fees
\$720: 3220
Total
\$125903.57
Tax Payable = ( 124000 + 270 + 900- 900 0 0 ) x 3 7 %/0 + 3.37. 50+ 848.57+ 20799 = 34997.57
Medicare Levy = 125903. 57 x 2%0 = 2518. 0702\
Amanda After Tax Income = 125903. 57 - 34997. 97- 2518. 0702 = 88387. 53
ZHANG
AN Z Savings Account - Interest 3%/0
\$270
Gross salary
\$62000
Total
\$62270
Expenses.

Traveling
\$4200
Donations
\$1500/\$3700
Total
\$58570
Medicare Levy = \$58570 x 2% = 1171.4
Tax Payable= \$3572 + (%58570 -3700)x 32.5% = 10582.25
After Tax Income = \$58570 - 1171.4 - 10582.25 = 46816.35
Amanda and Zhang after tax income = \$88387.53 + \$46816.35 = \$135203. 88
FAMILY
Gross salary
\$124000 (Amanda)
ANZ Saving Account - Interest 3%
\$540
ANZ Bond Fund - Distribution
\$900
Bank Dividend ANZ
\$1980
+ Imputation Credit
\$848.57
Macquarie Group Dividend
\$787.50
+ Imputation Credit
\$337.50
Gross Salary
\$62000 (Zhang)
Total
\$191393.57
Expenses:
Traveling
\$2500 (Amanda) and \$2200 (Zhang)
FCPA Membership Fees
\$120 (Amanda)
Donations
\$1500 (Zhang) / 6920

Assessment task Question 1: Case studv You are a ﬁnancial adviser and the following information is an extract of data you gathered
as part of fact ﬁnding during an initial client consultation for a married couple Zhang [aged 53} and Amanda [aged 55} Wei. Zhang works as a part-time senior teacher in a
secondary school and Amanda. a CPA. is a public practitioner. The couple has 3 children
aged 23, 26 and 22. Dnlv the youngest child is still living at home but plans in move out within the next 1 or 2 vears. - The Wei couple would like to know their net earnings after paving tax for the year
ended BUT“ June 2019. Thev would also like advice on how to reduce their tax liability in
the future. - 10 months ago Amanda invested in equity. She bought 55D shares in ANZ Bank at
\$30 a share and 15D shares in Macquarie Group \$112 a share. She wants to sell her
Macquarie Group shares [expected sale price \$130) to lock in her proﬁt and has come to
vou for advice. - Zhang is concerned about his superannuation. He would like to know how much
return his superannuation is making. He is 53 and describes himself as a conservative investor and is stressed observing the frequent change in value of superannuation
portfolio.

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