Green Pty Ltd is a resident gardening company registered wit

Green Pty Ltd is a resident gardening company registered wit.
Green Pty Ltd is a resident gardening company registered with the following information: TFN: 859 376 213 ABN: 79 512 647 864 ACN: 86 572 314 719 The following is the financial information for the year ended 30 June 2017. GST (where it is applicable) has not been removed from the following amounts. Depreciation (for tax purposes) was reported to be $5,500 for the current year. Income: Sales 345,000 Exempt income 10,000 Dividends (fully franked) 10,260 Interest received 900 Compensation from a client who failed in a legal suit to obtain damages from Green Pty td for alleged property damage. 4,000 Net capital gain 4,000 Expenses: Advertising (print, net, signage, flyers) 1,000 Bad debts 900 Bank Charges 150 Capital expenditure (qualifies for immediate deduction) 3,000 Cost of sales 6,000 Sub-contractor expenses 23,000 Depreciation expenses 2,000 Electricity 800 Entertainment 2,000 Environmental protection (disposal of chemicals) 600 Fines (speeding and parking tickets) 500 Insurance 600 Interest expenses within Australia 1,200 Lease expenses within Australia 4,000 Motor Vehicle 3rd Party insurance 550 Motor Vehicle expenses (petrol & maintenance) 4,000 Motor Vehicle Registration 1,200 Rent expenses 11,800 Stationery & Office supplies 200 Tea, coffee, sugar & milk for staff use 100 Telstra (Phones & Internet) 2,000 Wages 45,000 Required: Task # Task Description Marks 1 Calculate the net tax payable/ refundable situation for Green Pty Ltd (include references, calculations & assumptions) 20
Green Pty Ltd is a resident gardening company registered wit