Required: Briefly explain whether these amounts ($20K, $15K and $50K) are assessable as ordinary income (2 marks each).

i. Kylie is a scientist who has a two year employment contract as a researcher for a pharmaceutical company. On top of her substantial salary, she also receives from her employer $20K for not working for a competitor for the duration of her work contract, and another $15K for not working for a competitor for 2 years after she ceases employment with her current employer.

ii. Kylie went on a TV contest which involves cake baking. She appeared in a number of episodes, and won the final prize of $50,000.