In relation to assessable income, which of the following statements is CORRECT?

a. Exempt income and non-assessable non-exempt income will beincluded in a taxpayer's assessable income.

b. A fringe benefit provided to an employee by an employer will be assessed as statutory income.

c. Only ordinary income can be exempt income.

d. Ordinary income is divided into three categories being: income from personal exertion, income from property and income from business.

e. A capital gain derived under the capital gains tax provisions is an example of ordinary income.