Question 1 Bill Brown earned a salary of $75,000 at Invicta Ltd for the year ended 30 June 2018. However, he elected to receive only $70,000, the unpaid balance being credited Bill Brown's account in the company's books on 30 June 2018 and paid to him on 6 September 2016. 1. What is Brown's taxable income for the year ended 30 June 20187 2. Suppose that because of a good year's profit results, the directors of Invicta declared a bonus to its employees of $8,000 on 28 June 2018. However, this was not credited to their accounts until 2 July 2018. How does this affect Brown's tax liability for the 2018 income year? e@ 683 wI pU