how did you do the standard deduction? what did you deduct that your amount came to that much?

Answer 1 of 1 Done Interest on a bank deposit is clearly ordinary income. Rent received is clearly ordinary income Chance gambling winnings are typically not ordinary income, especially when the gamblingdoes not involve any element of skill and is purely due to luck. Whether the $500 would be regarded as ordinary income would depend on whether Erin's activities involving the eggs constitute a business or a hobby. If theseactivities had sufficient indicia of a business then they would be ordinary income:Ferguson vFCT(1979) 9 ATR 873. Although the facts lack detail, if the egg activities do not involve amaterial commitment of capital and/or time, if the taxpayer does not have a genuine profitintention and only involves the occasional sale, then it is likely to constitute a hobby. The holiday bonus would be regarded as a reward for services and so would be ordinaryincome:Laidler v Perry. f the watch was given as a reward for Erin's services then it would be ordinary income, but ifit was given as a personal gift then it would not be ordinary income:Hayes v FCT(1956) 96CLR 47; Scott v FCT(1966) 117 CLR 514; Calculation of Taxable Income for 20192020 year