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Question 2 Assume that you have been hired by a newspaper as a tax consultant. You have been allocated a regular column in the newspaper
Question 2 Assume that you have been hired by a newspaper as a tax consultant. You have been allocated a regular column in the newspaper to specifically reply to letters from the public on tax issues. How would you answer questions about the assessability of the following? (a) Anna, a lifesaver, saves a small boy from drowning. The boy's mother is grateful and offers Anna $250 in cash. Anna refuses the money but later accepts an ipad (valued at $300). Anna is particularly interested in finding out whether this gift is assessable as income
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