The following taxpayers have engaged in self-education. 1. Taxpayer paid $7,500 for course fees at...

60.1K

Verified Solution

Question

Accounting

image The following taxpayers have engaged in self-education. 1. Taxpayer paid $7,500 for course fees at La Trobe University studying accounting and is employed in an accounting firm as an assistant accountant 2. Taxpayer paid $6,500 for course fees at La Trobe University and is a practicing solicitor and is studying a Master's degree in tax law, to expand her current knowledge, 3. Taxpayer paid $8,500 for course fees in the final year of Medicine completed Dec 2021. In March 2022, he commenced working as a doctor 4. Taxpayer is employed as an accountant and hates his job, and commences studying a diploma in aged care, and paid $4,000 in course fees 5. Taxpayer is a manager, and attends a 2 day workshop costing $1,200 updating his knowledge in the latest management trends. In relation to the above, identify the 2 scenarios where a deduction is not permitted for self-education. Select one: a. 1&2 b. 2&3 c. 4&5 d. 3&4

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students