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in taxation law 501Sem Taxation Law_S2_2021_All Campuses Courses / LAW601Sem_S2_2021_Nasinu / My Assessments / SUPPLEMENTARY MID EXAM (20th Oct to 22n William, a foreign resident

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in taxation law

501Sem Taxation Law_S2_2021_All Campuses Courses / LAW601Sem_S2_2021_Nasinu / My Assessments / SUPPLEMENTARY MID EXAM (20th Oct to 22n William, a foreign resident is an Accountant and works for KPMG. He earns $ 140 000 per annum and also has income from other sources. He works tii/ late and sometimes even in weekends. He also receives bonus and commissions. Apart from all this, he receives cash allowances from KPMG. Is thecash allowance from KPMG assessable income? why or why not? (4 marks) non Paragraph 501Sem Taxation Law_S2_2021_All Campuses Courses / LAW601Sem_S2_2021_Nasinu / My Assessments / SUPPLEMENTARY MID EXAM (20th Oct to 22n William, a foreign resident is an Accountant and works for KPMG. He earns $ 140 000 per annum and also has income from other sources. He works tii/ late and sometimes even in weekends. He also receives bonus and commissions. Apart from all this, he receives cash allowances from KPMG. Is thecash allowance from KPMG assessable income? why or why not? (4 marks) non Paragraph

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