Josh is a bus driver who drives the bus routes in the notorious wharf suburbs of Sydney for the private bus company, Midway Buses. These suburbs are well known for their high incidence of crime and drug trafficking. In fact, the absenteeism rate (i.e. not showing up for work) amongst bus drivers who drive in this area is quite high. Josh's employer, Midway Buses, has resorted to paying drivers a weekly attendance amount, over and above their normal wages, if a driver does not miss one day of work for a given week. The attendance amount is S180 per week. During the 2020-21 income year. Josh satisfies the attendance requirement in 42 weeks. Accordingly, Josh receives S5,040 (42 x S180) for the year.

From the above facts, which of the following is most correct in respect to Josh?

O a. The S5,040 is a capital profit because it compensates Josh for running the risk of getting injured at work.

O b. The S5,040 is income, and therefore included in assessable income because it is a reward for services, albeit an extra reward, above normal wages, for working.

O c. The S5,040 is included in assessable income (s 15-10) because it is a subsidy in relation to a business.

O d. The S5,040 is not included in assessable income because it is a fringe benefit.