Assignment -

Assessment criteria: Assignments will be assessed against the SILOs for the assessment. In particular, assignments will be assessed based on objective demonstration of the following:

1) Engagement of critical thinking and interpretation skills to correctly identify the issues to be analysed in the case study.

2) Application of critical thinking, interpretation and analytical skills to develop a meaningful analysis of the issue(s) previously identified, with detailed and analytical application of tax concepts, tax principles, legislation and case law.

Mere citation, transcription or repetition of theory, concepts, legislation and ?case law without proper application will not attract any marks.

3) Correct application of tax concepts and case law principles to calculate tax liability (if required). Calculations must be fully stated and supported by ?applicable legislation and case law (where case law is required).

4) Elaboration of a solution to the issues presented in the case study, referring to the elements analysed and concluding the case.

Group Assignment Case Study and Questions -

Case study - Emily Baff is a 43 year-old marketing director employed by Rockwood Pty Ltd in Melbourne. Emily engages your services for the preparation of her 2017/18 tax return. On 04 August 2018 Emily sends you the email (attached).

Required

A) Prepare Emily Baff's statement of taxable income and calculate her total tax liability (including Medicare Levy) for the year ending 30 June 2018. State all calculations and include any necessary explanatory notes and supporting schedules, applying legislation and case law.

B) Prepare a letter of advice outlining the tax consequences related to the legal fees incurred and the lump sum payment received by Emily in connection with the lawsuit for the year ending 30 June 2018, applying legislation and case law to support your letter.

Attachment:- Assignment Files.rar