Question 1: Nelly Newman lives in Melbourne and is a resident for taxation purposes. She worked full- time in a multinational company and received the following income for the current income tax year. Salary earned from her full-time job is $75,000 Commission of $10,000 for meeting job KPI (Key Performance Indicator, a performance metric) Rental income earned from her investment property was $24,000 Fully franked dividend income of $7000 plus franking credit $3000 Interest earned $27 from term deposits $450 earned from a tax-exempted charitable institute Assume Nelly did not have any deductions. Required: Advise Nelly on her total "Assessable Income" and explain the main income principles applicable to her case. In your response, you are not required to explain each item separately. However, your response must cover all the main issues, characteristics and principles applicable to all the above information received from Nelly.