Alexander McNeil is a lawyer based in Sydney. He commences a new job with Cyan Ltd on 1 July 2012. His base salary is $80,000 per annum plus 9% compulsory superannuation. On 30 June 2013, Cyan Ltd announces that he will receive a bonus of $8,000 in his next pay (to be paid on 10 July 2013) for his outstanding performance during the 2012-13 year.

Alexander is married to Jeri. Approximately three years ago, Jeri and Alexander started a business as a partnership, providing management consulting advice to small businesses. The partnership agreement states that any profits (or losses) are to be distributed 60% to Jeri and 40% to Alexander. Additionally, as Jeri is primarily responsible for running the business, she receives a salary of $60,000.

Business income of the partnership for the 2012-13 year was $250,000. Expenses for the year (all related to the business) were $180,000 this includes the $60,000 salary paid to Jeri.

Jeri owns a small share portfolio. She sells the following shares during the year:

Shares	Date purchased	Purchase cost	Date sold	Sales price
Chip Ltd	1 March 2008	$5,000	1 September 2012	$12,000
Dale Ltd	1 February 2012	$10,000	1 September 2012	$16,000

You can assume there were no other costs associated with the purchase or sale of the shares. Jeri has always held her shares as a passive investor that is, she has never been considered a share trader.

On 1 October 2012, Jeri sold a painting she had purchased on 1 March 2009. She purchased the painting for $8,000, and sold it for $6,000. The only cost associated with the sale was $50 to advertise the painting for sale in a local newspaper.

Assume all of the above figures are GST exclusive. You do not need to consider GST in answering the below questions.

Part A- Calculate the net income of the partnership for the year ended 30 June 2013.

Part B - Calculate Alexanders taxable income for the year ended 30 June 2013.

Part C- Calculate Jeris taxable income for the year ended 30 June 2013.