During the income year, Dianne received and derived: Wages of $80,000 Rent of $20,000 A net capital
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Question:
- During the income year, Dianne received and derived:
- Wages of $80,000
- Rent of $20,000
- A net capital gain of $5,000 from the mere realisation of a capital asset
- A non-cash fringe benefit with a taxable value of $3,000 that cannot be converted into money.
- What will be Dianne’s total ordinary income for the income year ?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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