Recent Question/Assignment
Assessment item 2
Problem solving question
Value: 20%
Due date: 11-Apr-2015
Return date: 03-May-2015
Length: Approximately 3000 words
Submission method options
N/A - submission not required/applicable
Task
Refer to the relevant case law and statute law in your answer. you must read the presentation guidelines in the subject outline. Your answer must NOT 3 A4 pages, excluding the biblography. In planning and preparing your response you may find the following site useful: http://www.csu.edu.au/division/studserv/learning/essay/index.htm
Question:
Bob is a tax resident of Australia and is employed as a photographer at Image Pty Ltd. In the year ended 30 June 2014 he earned a salary of $60,000, car allowance of $8,000 and reimbursement for his car parking expenses of $1,210. Bob also does part time photography during the weekend from his home studio with an income of $10,000 for the year ended 30 June 2014.
Nancy and her family have their photograph taken at Bob’s studio. Since Nancy is Bob’s sister, he only charged her for the cost of prints. Nancy loves gardening and whenever she visits Bob, she will maintain his garden at no cost.
Required:Please advise Bob and Nancy of their tax consequences, if any.
Rationale
This assessment task covers topics (name them) and has been designed to ensure that you are engaging with the subject content on a regular basis. :
This assignment has been designed to assess your ability to:
gather and integrate your knowledge on the topics covered thus far;
investigate in depth the cases, rulings and legislation that are fundamental to taxation law;
demonstrate your ability to apply that knowledge to a hypothetical, practical situation;
exercise critical and reflective judgement;
demonstrate your ability to conduct research using provided materials as well as other legal resources;
develop your written skills; and
demonstrate time management skills.
Students should be able to identify and apply legislation and case law to the issues identified as well as demonstrate the ability to analyse the issues fully and discuss the application of taxation principles
Marking criteria
In assessing your assignment the marker will expect you to:
present an essay that is readable and coherent;use appropriate language, correct spelling and grammar;identify and analyse relevant issues;explain and apply relevant cases, rulings and legislation;reach a sound and well-reasoned conclusion;use appropriate referencing; anddemonstrate time management skills.Your mark will depend upon the degree in which you demonstrate your understanding of the topics covered thus far, and the overall presentation of your essay. For guidance, please refer to the section 'Grades and assessment guide'.