Bailey is a plumber who earned income during the year from various sources.

$45,000          Wages & Salary

$10,000       Tattslotto win - Powerball

$ 8,000        Army Reserve income

$13,000       PSI income - labour hire

$ 2,380      Net rental loss

$ 12       Bank interest - 3 owners

Calculate Bailey's assessable income amount

Answer rating: 100% (QA)

To calculate Baileys assessable income we need to add up all the income amounts he earned during the ... View the full answer