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David lives in the country of Snowland. Calculate his assessable income given that: he earns a part-time salary from one employer of $30,000 per year;

David lives in the country of Snowland. Calculate his assessable income given that:

  • he earns a part-time salary from one employer of $30,000 per year;
  • he also does some casual work with a different employer earning $8,000 per year;
  • he has $13,000 in a savings account which will earn interest at the rate of 5% per year; and
  • he has work related expenses of $3,000 per year that are an allowable deduction.

Your answer should be calculated to the nearest dollar ($ 0dp). Do not include a dollar sign in your answer.

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