Belinda is a professionally trained nurse employed by a major hospital in Brisbane. During the 2021 tax year she incurred the following expenses:

• $500 for purchasing a nursing uniform;
• $50 for washing her nursing uniform. Belinda washed her uniform 50 times during the 2021 income year. Her uniform is washed separately from other items of clothing;
• $600 paid to a baby sitter to look after her children while she was working on night shifts;
• $150 parking fine while parking outside the hospital.

The total amount of allowable deductions that Belinda can claim in her 2021 income tax return is:

		$500;
		$550;
		$1,150;
		$1,300.

On 21 May 2021, Trent, the owner of a high-end fashion store, takes a Louis Vuitton handbag and gives it to his wife, Joanne, for her 40th birthday.

The Louis Vuitton handbag was purchased for $2,200 by the store in August 2021. The market value of the Louis Vuitton handbag at the time Trent took if from his store was $4,600.

The taxation effect of this transaction on 21 May 2022 for Trent's business is that:

		as the goods were taken for private use and no cash was received, Trent should not include any amount in his business assessable income;
		Trent should include an amount of $2,200 in his business assessable income;
		Trent should include an amount of $4,600 in his business assessable income;
		Trent can claim an amount of $4,600 as an allowable deduction for his business.