Paul Baker received the following amounts during the year ended 30 June 2021 Interest from ATO (for
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Question:
Paul Baker received the following amounts during the year ended 30 June 2021
Interest from ATO (for overpayment of tax in 2020) | 130 |
Proceeds from sale of jet ski (purchased in 2010 for $2,000) | 3,000 |
Unfranked dividend from RIO Ltd | 600 |
Fully franked dividend from Parsi Ltd(franking credit not included) | 700 |
Lump sum received for damages as a result of a work accident | 30,000 |
Cash prize won on radio competition | 650 |
Paul is employed as a radio engineer
The amount that Paul must include as assessable income is:
a.
$34,730
b.
$1,600
c.
$35,380
d.
$1,730
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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