BLAW30002 Study Guide - Final Guide: Ordinary Income
21 Nov 2018
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Understand the basic formula for determining tax payable and the fundamental terms relevant to the taxation of income. Understand and apply the rules for the taxation of amounts received as a reward from employment (salary & wages) Understand and apply the rules for the treatment of employee allowances. Understand and apply the rules for the treatment of gifts and other benefits. Which of the following would constitute ordinary income? (disregard any potential application of. This year, clark also received a christmas bonus equal to 10% of his retainer as he filed a pre determined number of news reports by 30 april. Most of the time, clark actually spends more than but he does not receive any amount to cover the additional expenditure. Clark believes that the company will continue to be a success and has decided not to sell his investments yet.
