Question: Question 2 (4 points) Explain (citing sections where appropriate) whether the following receipts are specifically exempt from income tax? (1 mark each): Payment given by
Question 2 (4 points) Explain (citing sections where appropriate) whether the following receipts are specifically exempt from income tax? (1 mark each):
Payment given by the Air Force to a member of the Air Force Reserve who undertakes services for them a few weekends a year.
Regular maintenance payments received by a man from his ex-wife following his divorce settlement.
Income received by a Pooled Superannuation Trust that is attributable to amounts received from a constitutionally protected fund.
Money earned by an Australian trade union.
PS. I would appreciate a proper answer with an explanation as the question has already been answered previously but without a proper explanation.
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