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Salary of $200,000 per annum. An allowance of $20,000 for entertainment expenses. A prize won by a taxpayer in his first quiz competition. A scholarship
- Salary of $200,000 per annum.
- An allowance of $20,000 for entertainment expenses.
- A prize won by a taxpayer in his first quiz competition.
- A scholarship of $1,500 per annum received by a full-time university student from a large company. The payments will continue for 4 years which is how long it will take to complete his degree.
- A car received by a sportsman for fairest player of the season,
Required:
Are the above receipts and/or benefits assessable income?
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