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Question 1: (2.5 marks) It is important to determine if there is a sufficient nexus between the receipt and the-income producing activity, in determining whether
Question 1: (2.5 marks) It is important to determine if there is a sufficient nexus between the receipt and the-income producing activity, in determining whether a receipt is income according to ordinary concepts. What does this statement mean? Provide two examples where a nexus may exist (and may not exist) for the amount received by the tax payer.
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