Algernon was a mature-aged student studying a Bachelor of Engineering at Curtin University. He worked 2 part-time jobs — spending 2 days per week as an Assistant Engineer at a local engineering business and some time on alternating weekends as a cleaner. Algernon received a salary of $28,000 from the engineering firm and a salary of $8,000 from his job as a cleaner. PAYG (Withholding) from the engineering job was $3,000 and $1,000 was withheld from the cleaning job. Included in the $28,000 above was a payment of $1,925 which was for one month's annual leave which was due to commence on 2 July of the following year. 

Based on the above facts and relevant tax laws, what amount does Algernon need to declare as assessable income?

Answer rating: 100% (QA)

Algernon needs to declare the total salary earned from both jobs as assessable income Therefore ... View the full answer