Which one of the following items will not be included in a taxpayers ordinary income as per
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Question:
Which one of the following items will not be included in a taxpayer’s ordinary income as per s 6-5 ITAA97, and will be included in a taxpayer’s assessable income? Choose the best answer.
Rental Income received from properties | ||
A gift received from a deceased relative | ||
A tip received by a waiter | ||
A payment made by a television station to a professional footballer for being named the best and fairest in the national league |
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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