Question 4 State whether the following receipts constitute assessable income of an Australian resident individual as per legislative requirements; by placing a cross (X) in the appropriate column: Assessable NOT assessable A gift of $1,900 A legacy of $50,000 received from deceased brother's estate Wins of $4,000 from punting on the horse races A government subsidy received, in relation to the carrying on of a business A lottery win of $300,000 Car allowance of $2,300 received from her employer $500 withdrawn by the person from his savings account Tips of $650 received by a TAFE student from part-time work Maintenance paid to a mother of 3 children by her ex-husband The income of a public hospital Wages of a doctor employed at the hospital Age pension of $18,000 A bonus paid to her from her employer for outstanding work School fees of $6,000 for John's children paid for by John's employer as a fringe benefit (this is subject to FBT Honorarium received by the honorary secretary of a car club Interest received from the ATO for the prepayment of tax Army reserve payment to a person serving on a part-time basis Income from drug dealing An amount received from an insurance company as compensation for the loss of trading stock destroyed by fire A gift of $375 given to an employee by his fellow workers, on his retirement