ANSWER: Question 2 (10 marks) With reference to relevant legislation and case law, discuss whether the following receipts are assessable or exempt income. Give reasons. a) Lucas is a full-time student and received a scholarship of $3,000 per annum from XYZ Engineering Solutions, conditional upon Lucas agreeing to accept employment with XYZ Engineering Solutions for at least three years after graduation. (7 marks) ANSWER: b) Remuneration of $600 earned for part-time services as a member of the Australian Army Reserve