Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kylie is a sales representative with Pharmacom Ltd. During the year, she received the following from her employer: Salary $50,000 Entertainment allowance $10,000 Telephone allowance
Kylie is a sales representative with Pharmacom Ltd. During the year, she received the following from her employer:
- Salary $50,000
- Entertainment allowance $10,000
- Telephone allowance $750
- Reimbursement of travel expenses on a cents per kilometer basis $2,000
The amount that must be included in Kylies assessable income = [C]
Just write the figure without any commas or the $ sign e.g. 10000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started