財务管理第二章课件.pptVIP

What does tax have to do with financial management? Individuals and businesses need to manage their finances to ensure they can pay their taxes. An introduction to income taxation Type of taxpayers Individuals Employees, self-employed persons running their own businesses, and member of a partnership. Companies Fiduciaries(信托） An introduction to income taxation Computing taxable income Assessable income(应税收入） For Australian resident taxpayers For business firms Allowable deductions（可扣除项目） Examples Example 2.1 calculation of taxable income: Individual Jane Piper has been working as an apprentice plumber for J S Plumbing. For the financial year just ended on 30 June she received gross wages of $35000. during the year she purchased protective clothing and boots costing $250 and she spent $250 on replacing some of her plumbing tools that had been damaged. She can claim both of these expenditure as allowable deductions. Please calculate the taxable income for Jane Piper. Example 2.2 calculation of taxable income: Business During the financial year just ended on 30 June, J S plumbing earned from the provision of plumbing services a gross income of $600,000. The cost of materials purchased during the year totaled $230,000 and other operating expenses were $100,000(the break-down of these costs is shown below). The business has $125,000 in debt outstanding, at a 16% per annum interest rate, which resulted in $20,000 interest expense for the year. Please calculate the taxable income for J S plumbing . An introduction to income taxation Computing the income tax payable The amount of taxable income The type of taxpayer The income tax rate(average and marginal) Examples Example 2.3 calculation of payable for an Individual taxpayer Jane piper’s taxable income is $34,500. Assuming that this income was earned in the financial year for which the individual tax rages in table 2.1 are applicable. Calculate her tax payable. Example 2.4 calculation of tax payable for a busines