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ELC Exam

Discussion in 'Financial Planning Study Group' started by LisaJ, 1st Feb, 2010.

  1. LisaJ

    LisaJ Member

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    Hi Guys,

    I have completed the ELC assignment however am onto my last resit of the exam. I failed modules 6 and 8 and feel like a deadbeat! I just do not understand the tax rates/medicare etc. any help would be appreciated. I dont think i was well prepared for the exam, ie was too casual about my notes etc.
     
  2. AsxBroker

    AsxBroker Well-Known Member

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    Hi Lisa,

    Can you be a bit more specific about what you don't understand with tax and medicare?

    Cheers,

    Dan
     
  3. LisaJ

    LisaJ Member

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    Hey Dan,

    Basically i dont understand the following:

    - Franking Credits
    - Fringe Benefits Tax
    - What is the effect of a tax deduction on a persons taxable income?

    Cheers
     
  4. AsxBroker

    AsxBroker Well-Known Member

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    Location:
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  5. LisaJ

    LisaJ Member

    Joined:
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    Location:
    Kew
    thanks Dan, appreciate it