Assessment 2 Weight: 25% Due date: 2 December 2020 Word length: 2,500 words/excluding refences References: Yes using either APA or AGLC style and include a reference list Scenario James Strong is a managing director of ABC Pty Ltd, a large private Company that specialises in accounting services. For the current income year, James has the following receipts and expenses: a) Salary of $500,000 b) Rent from his apartment in London that derives $600 (equivalent) per week c) An amount of $20,000 received by James for personal injury, $5,000 of this amount was for loss of salary d) $5,000 incurred by James for undertaking a Graduate Certificate in Accounting. e) Reimbursement of his telephone bill by ABC Pty Ltd. f) Dividends of $20,000 received on his Telstra Share portfolio g) A bottle of wine worth $2,000 he receives from the CEO of ABC Pty Ltd at Easter Task Your firm has been approached by James Strong to provide a letter of advice in relation to the tax implications of these amounts. You are to write a letter of advice that addresses these issues citing the relevant cases and legislation. At this time, you are not required to perform any calculations.

this question is of taxation law.. please explain the law sections too