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Required: e Determine which Income and Expenses are assessable income or allowable deductions. Note you will need to cite legislative references, case law and tax
Required: e Determine which Income and Expenses are assessable income or allowable deductions. Note you will need to cite legislative references, case law and tax rulings as applicable. Emphasis is on providing substantiation for your reasoning to include as assessable income or allowable deduction. e Assume Kim is a resident for Australian taxation purposes, calculate her tax liability including any tax offsets and levies
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