1. Identify and briefly explain the three (3) key sources of taxation law in Australia

2. Describe three (3) key sources of information and data required to calculate taxable income

3.Outline two (2) key accounting principles and practices which need to be considered when preparing income tax documentation for individual taxpayers.

4.

Answer True or False to the following statements

	Statement	True	False
	A resident individual tax payer must lodge a tax return if their taxable income exceeds $18,200
	All expenses associated with deriving exempt income are deductible
	Austudy payments are exempt income
	The income earned by a resident Australian employed as a foreign aid worker in India from 1 November 2019 until 31 March 2020 (income was subject to tax in that country), is exempt income
	Reportable Superannuation is part of assessable income
	GST on Fees received is not part of assessable income