QUESTION 3

Briefly explain the extent, if any, to which each of the following payments made by a trainee accountant, during the current tax year would be an allowable deduction:

a) HECS-HELP $850

b) Travel – work to university $110

c) Books $200

d) Childcare during her evening classes $80

e) Repair to her fridge at home $250

f) Black trousers and shirt required to be worn at the office $145

g) Legal expenses incurred in writing up a new employment contract with a new employer. $300

State any assumptions you have made and provide legislative reference to support your explanation.