Question 2 (4 points) Explain (citing sections where appropriate) whether the following receipts are specifically exempt
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Question 2 (4 points) Explain (citing sections where appropriate) whether the following receipts are specifically exempt
Question 2 (4 points) Explain (citing sections where appropriate) whether the following receipts are specifically exempt from income tax? (1 mark each): • Payment given by the Air Force to a member of the Air Force Reserve who undertakes services for them a few weekends a year. • Regular maintenance payments received by a man from his ex-wife following his divorce settlement. • Income received by a Pooled Superannuation Trust that is attributable to amounts received from a constitutionally protected fund. Money earned by an Australian trade union. .