2. Income Tax (10 marks) (a) Name the two principal Commonwealth statutes that govern personal income tax in Australia. (b) What is meant by the term 'assessable income? (c) Provide at least four (4) examples of 'assessable income'. (d) What is not considered to be 'assessable income? (e) Provide at least two (2) examples on income that is not 'assessable income'. co Please complete the below table in relation to the personal income tax rates applicable to Australian residents in the 2021-2022 income tax year. Please note that rates do not include the Medicare Levy, Resident Income Tax Rates 2021-2022 Taxable income brackets Tax payable on this income completel [complete complete (complete [complete) (complete (complete) complete (complete) [complete) (9) Tax offsets, also known as rebates, directly reduce the amount of tax payable by an individual taxpayer. They are applied after the tax has been calculated. Provide at least two (2) examples of common tax offsets. (n) Please complete the below table in relation to the company income tax rates applicable to Australian companies in the 2021-2022 income tax year. Income year Company Tax Rates in Australia Aggregated Tax rate for base rate turnover entities under the threshold threshold complete complete Tax rate for all other companies 2021-2022 complete