Hire-a-home-handyman has an ABN 23565889712.

? John's Tax File Number is 125 256 665.

? John has a home office at 34 Longwood Tce, The Gap, QLD 4061.

? The home office for his business activities took up about 10% of the floor space of the house.

? The costs associated with the home were $15,000 for mortgage interest, rates and insurance, and $3,000 in running expenses for electricity and repairs to office furniture.

? In the first month of this financial year John purchased a Ute for the business for $22,000 and of the 7,300km driven over the past year, John estimates that 90% of the time it was used for business and 10% for personal use.

? The running costs for the Ute were $2,460 for the year and he has chosen to claim deductions under the 'one-third of actual expenses method'.

? The business also purchased a lawn edger for $270 (exc. GST) and a whipper-snipper for $490 (exc. GST) during the financial year. The invoices for these major asset purchases were included with the documents supplied.

? By looking at the other assets and liabilities of the business you noticed:

? a corporate credit card balance of $2,210 (although John explained that $500 of that was for the purchase of a personal gift)

? Debtors of $3,100 (although John said that there was no hope of getting $300 of it because the client went bankrupt)

? cash at bank of $2,366.

? John showed from the invoices that he had earned $112,910 for the year, but he did explain that $2,200 of that was a prepaid income for work that he would not be doing until next financial year.

? When asked about stock-takes, John explained that he did a full stock-take at the end of last year and the accountant costed it at $7,652. John said he was too busy to do one this year, but estimated that there would be at least $10,000 worth in the shed that he rents to hold equipment, chemicals, fertilisers and consumables.

? The other expenses that John was claiming as deductions on his spreadsheet were:

o Purchases $20,259 

o Rent expense $4,800 

o Interest on Credit card $298 

o Repairs and maintenance $95 

o Accounting fees $1,510 

o Bank charges $98 

o Insurance $1,200 

o Travel $1,823 

Can you explain me about income gross payment