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Monica Geller is a full-time student. She works as a waiter at a restaurant on weekend nights. During the year, she earned $32 000 in

Monica Geller is a full-time student. She works as a waiter at a restaurant on weekend nights. During the year, she earned $32 000 in salaries from the restaurant. She also receives tips from customers occasionally. She has earned $6 000 in tips during the year. After a recent performance review, Monica's boss was very pleased with her performance and gave her a bonus of $1 000 plus some food-vouchers worth $200 (assume market value is $200). During one of her shifts at the restaurant, Monica had an accident and was severely injured. The injury led to a permanent incapability to work. Her employer paid a lump-sum compensation of $110 000. Required a) For each of the payments that Monica has received, explain, with reasons, whether or not it is assessable as ordinary income under s6-5 of ITAA97. 5 marks b) Calculate Monica's total assessable (ordinary) income. 5 marks

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