q27

Which of the following is not classified as ordinary income per s 6-5?

Select one:

Dividends

The payments received under an income replacement insurance scheme

Interest paid by the bank on deposits

$50 Lottery ticket received as a tip

q26

Which of the following is included in statutory income?

Select one:

Value of fruit still on the tree

The value of depreciating assets at the start of the year

Lottery winnings

The value of franking credits associated with dividends reinvested

q25

Which of the following is included in statutory income?

Select one:

Net capital gains

Dividends

Dividend imputation credits

All of the above

q24

Which of the following is included in ordinary income per s 6-5?

Select one:

The money you make from selling your personal car

Money paid to you as a relative has died

Gift of money from your parents

Business income from a car selling business

q23

Which of the following is classified as ordinary income under s 6-5 ITAA97?

Select one:

Salary or wages paid by employers

Tips paid by customers

Interest earned on lottery winnings

All of the above

q22

Which of the following is classified as ordinary income under s 6-5 ITAA?

Select one:

Lottery winnings

Imputation(franking) credits connected to dividends paid on shares

Dividends paid to shareholders

Rent received by a landlord

q21

Which of the following is classified as ordinary income per s 6-5?

Select one:

Interest paid by the ATO on early payments of tax

$50 Lottery ticket received as a tip

Dividends

Dividend imputation credits