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7.07 Tax deductions and taxable income

Interactive practice questions

Emma's total allowable deductions for the year are $\$493$$493.

If her gross annual income is $\$25000$$25000, calculate her taxable income for the year.

Easy
< 1min

The table below lists items that are allowable deductions.

Dave earned a gross income of $\$60500$$60500 last financial year. He gave $\$160$$160 to various charities, contributed $\$700$$700 to his super account, contributed $\$137$$137 to the nurse union which he is a member of, and spent $\$119$$119 in total on cleaning expenses for his uniform.

Easy
2min

The table below lists items that are allowable deductions.

Using the table, answer the questions below.

Easy
1min

Hannah earns a salary of $\$86220$$86220 and claims $\$1293$$1293 for work-related expenses. She also contributes $\$190$$190 to charities throughout the year.

Calculate her taxable income.

Easy
1min
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Outcomes

MS11-5

models relevant financial situations using appropriate tools

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