{"id":143113,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/law-multiple-choice"},"modified":"2017-08-17T11:40:17","modified_gmt":"2017-08-17T11:40:17","slug":"law-multiple-choice","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/law-multiple-choice\/","title":{"rendered":"Law multiple choice"},"content":{"rendered":"<ul>\n<li>\n<p>David runs a florist shop as sole trader. He is holding a dinner party to celebrate his birthday and has taken a bouquet of flowers from the florist shop in order decorate his dining table at home. The bouquet was purchased the morning before from the flower market and cost him $35. It was initially purchased for the purpose of resale in the shop and would have ordinarily been sold for $85. What are the tax implications of David taking the bouquet of flowers from the shop for his own personal consumption? <\/p>\n<\/li>\n<li>\n<p>a.David must include $35 in his assessable income<\/p>\n<\/li>\n<li>\n<p>b.David must include $85 in his assessable income<\/p>\n<\/li>\n<li>\n<p>c.There are no tax implications as David is a sole trader and as such ownership of the flowers has not changed<\/p>\n<\/li>\n<li>\n<p>d.There are no tax implications as the market value of the trading stock is less than $100<\/p>\n<\/li>\n<\/ul>\n<p>e.None of the above<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David runs a florist shop as sole trader. He is holding a dinner party to celebrate his birthday and has taken a bouquet of flowers from the florist shop in order decorate his dining table at home. The bouquet was <a href=\"https:\/\/www.benedictsol.com\/blogs\/law-multiple-choice\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-143113","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/143113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=143113"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/143113\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=143113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=143113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=143113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}