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Open Uni. *

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Course

FNS40217

Subject

Economics

Date

May 18, 2024

Type

png

Pages

1

Uploaded by BaronMantisPerson968

Question 8 Correct Mark 1.00 out of 1.00 V' Flag question Question 9 Correct Mark 1.00 out of 1.00 V' Flag question Question 10 Correct Mark 1.00 out of 1.00 V" Flag question Based on the descriptions, which of the following receipts are assessable income? (DDividend payment on BHP shares. @A gift of $3,000 from your uncle. @$1,000 won at the races. @Interest of $100 received from Westbank. @Wages of $600 received by an employee of a supermarket. Select one: a.1,2,4,5 b.1,4,5 v c. 235 d1,23,4,5 Your answer is correct. Work related expenses must be substantiated when the amount claimed is above: Select one: a. None of these answers. b. $500 c. $200 d. $400 e. $300 v Your answer is correct. From the following list of Tax Offsets, determine which are refundable: (1 Medical expenses tax offset. (@Private health insurance tax offset. @Low income tax offset. @Foreign income tax offset. ®) Franking tax offset. Select one: a'1’2and3 - ... 3]
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