Melissa works at Hannay & Partners, chartered accountants in Toowong. She has decided to enrol part-time in a Bachelor of Business (Accountancy) degree at QUT as she feels it will enhance her promotional prospects.
During the 2017 income year, Melissa incurred the following study-related expenses:
$
HECS-HELP fees 5,120
Student union fees 210
Photocopying 74
Stationery 91
Purchase of text books (all individually less than $300) 520
Meals at QUT (eg. Burger Urge, Subway and Teppanyaki Time) prior to lectures 310
Train fares from work to QUT to attend classes 175
Train fares from QUT to home after class 150
Total: $ 6,650
Required:
Would Melissa be entitled to a deduction for the above study-related expenses?
What amount would she be able to claim as a deduction in her 2017 income tax return?
Would your answer be different if Melissa failed to pass any of the subjects she enrolled in at QUT during the 2017 income year?