Question: 2Note: in all the questions below explain and justify your answers and always specify relevant casesand legislation as appropriate.(a) Jason Potter works full-time as a

2Note: in all the questions below explain and justify your answers and always specify relevant casesand legislation as appropriate.(a) Jason Potter works full-time as a manager of a retail company. His annual salary is $95,000. Forthe year ended 30 June 2018, he instructed his employer to pay him only $86,000 and to pay thebalance of $9,000 in September 2018. What is his assessable income for the year ending 30 June2018? Why?(b) Bill Baxter has some health issues and he decides to sell his bookshop business in St. Kilda for$1.2m in the current tax year. He also receives an amount of $100,000 from the purchaser of thebookshop for agreeing not to open a bookshop for the next 3 years within a 5km radius of the existingbookshop. Explain whether any of these amounts form part of Bill's assessable income.(c) During the current tax year Jamie Jackson received cash payments of $100,000 which he won ona quiz show. He also received goods worth $15,000. After his success on the quiz show he wasinvited to another quiz show and received $5,000 for appearing in the show. He then went on to win$25,000 in cash as well. Advise Jackson as to whether the above amounts are assessable.(d) On 15July 2017 Jackie Chan who normally resides in Melbourne was transferred to the LosAngeles office of his company Global Australia Ltd, for a period of 5 years. His wife Minh Chanaccompanied him to Los Angeles. In Los Angeles they lived in a house owned by the company andrented out their Melbourne re

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