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QUESTION 7 PART A Joan is a resident taxpayer who derives income as a professional actor. income year Joan received/paid the following...

This question was created from FNSACC601 Final – 2017.pdf https://www.coursehero.com/file/28945544/FNSACC601-Final-2017pdf/

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QUESTION ? PARTA
Joan is a resident taxpayer who derives income as a professional actor. During the 2015f17
income year Joan receivedlpaid the following amounts: RECEIPTS Gross earnings from TV Drama Series $ 100,000
Cash Prize for Winning Acting award 5,000
Appearance Fees for promotional events 8,000
Tutoring Fees - For tutoring young actors 20,000
Franked Dividends from Investments 14,000
PAYMENTS Management Agent Fees relating to TV Drama Series 81 Promotional Events 3,000 Calculate Joan's taxable professional income for the 201611? tax year.
[a ) $102,000 [0} $144,000
[c ) $150,000
{d} $110,000 [ e ) $130,000 PART B Tommy is a resident taxpayer who derives income as a fiction author. Tommy's taxable
professional income since he began writing has been. 2011 $ 30,000
2012 30,000
2013 3,000

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