Fred has been unemployed for six months. He has been using the Jobs R Us Pty. Ltd. employment agency for the past four months to try to find employment. In March of this year, a new case manager, Bert, was given the task of finding a job for Fred. Within a week, Bert, had found Fred a full time job. Fred bought a $500 gold watch and gave it to Bert to say thank you. Advise Bert as to whether the watch is assessable income. Refer to case law and legislation in your answer. 10 marks 2. What is your subject

Taxation law