need answer for this one.

x 91 Search Textbook Solutions CH X Practise | AIWAS x New Tab 1-fleet01-xythos.s3.ap-southeast-2.amazonaws.com/5bfdd02798410/1195191?response-cache-control=private%2C%20max-age%3D216008 Week 10 Steve and his cousin Alex started an equal partnership business, Euca Sanitizers, motivated by the increase in the recent demand for hand sanitizers during the COVID-19 pandemic. Steve lives in Sydney and is an Australian resident for tax purposes. Alex however, is resident of New Zealand and is a foreign resident for tax purposes in Australia. On 30 June 2020, Euca Sanitizers partnership net income is $300,000, 60% of this income is generated from selling hand sanitizers to Australian retailers and 40% comes outside Australia from sale of hand sanitizers to New Zealand retailers. Required: With reference to relevant provisions of ITAA 97/ITAA 36, discuss how the partnership income is taxed. (10 marks, maximum 200 words). Submission Directions: The assignment has to be submitted via Blackboard. Each student will be permitted one nission to Blackboard only. Each student needs to ensure that the document submitted x 91 Search Textbook Solutions CH X Practise | AIWAS x New Tab 1-fleet01-xythos.s3.ap-southeast-2.amazonaws.com/5bfdd02798410/1195191?response-cache-control=private%2C%20max-age%3D216008 Week 10 Steve and his cousin Alex started an equal partnership business, Euca Sanitizers, motivated by the increase in the recent demand for hand sanitizers during the COVID-19 pandemic. Steve lives in Sydney and is an Australian resident for tax purposes. Alex however, is resident of New Zealand and is a foreign resident for tax purposes in Australia. On 30 June 2020, Euca Sanitizers partnership net income is $300,000, 60% of this income is generated from selling hand sanitizers to Australian retailers and 40% comes outside Australia from sale of hand sanitizers to New Zealand retailers. Required: With reference to relevant provisions of ITAA 97/ITAA 36, discuss how the partnership income is taxed. (10 marks, maximum 200 words). Submission Directions: The assignment has to be submitted via Blackboard. Each student will be permitted one nission to Blackboard only. Each student needs to ensure that the document submitted