Prepare a report (about 1,200 words) to put into Jenny’s file which you can use as background in discussion with the Partner, and subsequently when you need to provide further advice to Jenny

Prepare a report (about 1,200 words) to put into Jenny’s file which you can use as background in discussion with the Partner, and subsequently when you need to provide further advice to Jenny

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Required 1) Prepare a report (about 1,200 words) to put into Jenny’s file which you can use as background in discussion with the Partner, and subsequently when you need to provide further advice to Jenny. Format of your report. You must: • address the issues as raised using the same numbering system/headings listed above in Jingjing’s email. • adopt a report style approach using 3 headings like Issue Reasons/Discussion (stating law and cases) Amount ($) Be succinct given the word limit, but in your discussion make sure you state, the relevant legislative authority and/or case law authority and the final effect on taxable income/tax liability under the Amount heading). (34 marks) 2) Based on your report, prepare Jenny’s statement of taxable income and calculate her final tax refund/liability including Medicare Levy for the year ending 30 June 2019, stating the applicable legislation and case law (note: calculation of the private health insurance is not required). (6 marks) 3) Prepare a letter of advice (800 words) explaining the tax consequences related to the legal fees incurred by Jenny and the lump sum payment received in connection with the lawsuit for the year ending 30 June 2019, applying legislation and case law to support your letter. (10 marks)

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