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David and Shane sell insurance. As an incentive, the insurance company gives them a free holiday in the amount of $5,000 when they achieve a

David and Shane sell insurance. As an incentive, the insurance company gives them a free holiday in the amount of $5,000 when they achieve a certain amount of insurance policies in a financial year. The holidays are non-transferrable and therefore cannot be sold. Is the holiday assessable income? a. The holiday is assessable income. b. The holiday is not assessable income.

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