Thi This question is based on Australian tax law. ...
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Accounting
Thi
This question is based on Australian tax law.
Today is 5 July 2018. Harold is preparing his tax return for the year ended 30 June 2018 and has asked you for assistance. On 29 June 2018 Harold sold his share portfolio because he needed the cash. Harold has put together the following summary table. C1. CompanyNo. or Purchase price name shares(per share) Date of purchase $10.00 30 Sept 2009 30 June 2017 Sale price (per share) $6.20 1000 $2.60 31 March 1985 Taylor Ltd 2000 8000 $12.00 lps Ltd S9.20 Harold has calculated that his taxable income from all other sources is $81,000. He asks you what is his total taxable income and his total tax to be paid
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