What is the source of the Commonwealth Parliament's power to impose taxation? A Australian Constitution section 90 B Australian Constitution section 109 C Australian Constitution section 51(ii) D) Australian Constitution section 114 Question 5 1 Point During the income year ended 30 June 2020 Nicholas received salary and wages income of $35,000, interest income of $3,000, a net capital gain of $5,000, an exempt compensation payment of $23,000 and commission income of $4,000. What is Nicholas's ordinary income that is assessable for the year ended 30 June 2020? A $42,000 B) $47,000 C $70,000 D) $38,000 Which of the following is the most correct? A The Uniform Tax Scheme was unanimously accepted by all states and taxpayers ) Under the Uniform Tax Scheme taxpayers were compelled to pay state income tax before paying income tax to the federal government The Uniform Tax Scheme was decided by the High Court to be unconstitutional D The federal government assumed control of the income tax system in 1942