Question
Which of the following statements is most correct? An unsolicited gift to a former employee will always be ordinary income. Profit from the sale of
Which of the following statements is most correct?
An unsolicited gift to a former employee will always be ordinary income. | ||
Profit from the sale of land by a manufacturing business will always be assessable income. | ||
A payment by an employer to compensate an employee for lost wages while overseas visiting a sick relative will always be assessable income. | ||
A tip received by a waitress in a restaurant will not be income because it has not been received from her employer. | ||
A cash award received by a sportsperson from a television company that is not their employer will never be assessable income of the sportsperson |
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