Kenny is an Australian resident adult individual who is a professional footballer and employee of an Australian Football League club. During the income year, he received and derived the following amounts: $200,000 Match fees for his work in playing football games for his club in the league. $20,000 Prize award for being best and fairest player in the league. $10,000 Appearance fees for his services in appearing on a television show. $5,000 Car expenses reimbursed by an employer based on distance travelled. During the income year, he incurred the following deductible outgoings: $10,000 Managers fees. Kenny’s total assessable income for the income year is: Group of answer choices $245,000. $235,000. $230,000. $225,000. $220,000. $215,000. $210,000. $205,000. $200,000.

Kenny is an Australian resident adult individual who is a professional footballer and employee of an Australian Football League club. During the income year, he received and derived the following amounts: $200,000 Match fees for his work in playing football games for his club in the league. $20,000 Prize award for being best and fairest player in the league. $10,000 Appearance fees for his services in appearing on a television show. $5,000 Car expenses reimbursed by an employer based on distance travelled. During the income year, he incurred the following deductible outgoings: $10,000 Managers fees. Kenny’s total assessable income for the income year is: Group of answer choices $245,000. $235,000. $230,000. $225,000. $220,000. $215,000. $210,000. $205,000. $200,000.

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 42P

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