During the 2020 income year, Barry made the following payments:

                                                                                                                                        $

• Children's Medical Research Institute                                                                   150
• Hepatitis Queensland Inc.                                                                                       75
• Breast Cancer Australia                                                                                        100
• Sri Lanka Disaster Relief Fund                                                                             120
• Queensland University of Technology Art Museum (gift fund)                     200
• Purchase of a ticket to a gala charity ball at the Brisbane Sofitel

on 31 July 2019 on behalf of Beyond Blue Limited to raise monies

for people who suffer from depression                                                                 260

• Donation made on the night to Beyond Blue Limited                                              50
• Signed Ash Barty tennis ball bought at Beyond Blue's

charity auction held on 31 July 2019 (market value = $75)                                 400     

 

Determine assessability and deductibility income

Then please calculate the assessable income for the financial period 2020.

Answer rating: 100% (QA)

Answer Assessability and Deductibility for Income Childrens Medical Research Institute The donation made to the Childrens Medical Research Institute i... View the full answer