What is Tax income brief with detail ? What is the Per Capita Income? How much, if any, is assessable in the following situations? 

Eric bought a $48,000 house on 1 June 1999, used it as his residence, then sold it for $60,000 on 30 May of the current income year after his employer moved to new work premises on the other side of the city. b) Ian purchased shares on 1 August 1998 for $5,000 and sold them on 1 August of the current income year for $4,000. c) Veronica acquired a block of land on 9 January 2000 at a cost of $115,000 and sold it on 5 July of the current income year for $218,000.