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On 30 June 2020, an employee has been paid a total of $60,000 in salary payments, yet will only receive his bonus of $10,000 on
On 30 June 2020, an employee has been paid a total of $60,000 in salary payments, yet will only receive his bonus of $10,000 on the 11 July 2020. In relation to Tax Accounting principles, analyse whether and how much of his income has been DERIVED during the 2020 financial year. Give reasons.
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