Question
Robin is a scientist and on 15 may 2020 she received compensation of $80000 for wrongful dismissal from her former employer, Labexpty.ltd. The compensation was
Robin is a scientist and on 15 may 2020 she received compensation of $80000 for wrongful dismissal from her former employer, Labexpty.ltd. The compensation was to reimburse Robin for lost wages as aresult of dismissal. On may 20 2020, Robin received $10000 for agreeing to enter into a two year contract to work with Johnson and co pty ltd and she started working for them on july 10, 2020. While she was between jobs, she did some part time work as a consultant and earned a net amount of $1700 after PAYG withholding of $800 was deducted.
Based on the above transaction, what amount will Robin include in her assessable income for the year ended 30 june 2020?
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