PLZ PLZ HELP ME HERE

Assessable Income

Peter Haddad is employed by Hardware and Software Technologies Ltd as an information technology engineer. The companys head office is in Melbourne City and Peters employment requires him to travel to regional areas and interstate. Peter has negotiated a salary package comprising:

• an annual salary of $95,000
• an entertainment allowance of $7,500
• a mobile phone and internet allowance of $10,000
• a living away from home allowance of $12,000 and
• a car parking space at the companys head office in the city.

Required

Advise Peter on the tax treatment of each component of the salary package and the items that are included in Peters assessable income. Include section numbers