Question
During the income year, Dianne received and derived: Wages of $80,000 Rent of $20,000 A net capital gain of $5,000 from the mere realisation of
- During the income year, Dianne received and derived:
- Wages of $80,000
- Rent of $20,000
- A net capital gain of $5,000 from the mere realisation of a capital asset
- A non-cash fringe benefit with a taxable value of $3,000 that cannot be converted into money.
- What will be Dianne’s total ordinary income for the income year ?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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