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Taxation law australia A well-known television personality was paid a lump sum of $400,000 to encourage her to join a new television network. She accepted

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A well-known television personality was paid a lump sum of $400,000 to encourage her to join a new television network. She accepted the offer and received an annual salary of $100,000 in addition to the lump sum payment. Discuss whether both the $400,000 and the $100,000 receipts are assessable income

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