OTHER INCOME:

Interest earned on bank accounts. All accounts are held in the taxpayers name, apart from the joint account, which is held jointly with the taxpayers spouse:

Macquarie Bank Joint Account number 008443667 $ 250

Unity term deposit Account number 004 6600 214 $300

The taxpayer holds a small joint share portfolio. During the year they received the following dividends:

Slater shares fully franked $7,000

Walsh 70% franked $1,200

Evans shares unfranked $700

In November 2022, the taxpayer won $6,000 in the lottery.

In May 2023, the taxpayer received Proceeds from settlement of a lawsuit. Lauren received $200,000 damages for loss of reputation when a client claimed in a newspaper article that Pilates classes had ruined his back.

Calculate the other income