Australian residents for income tax purposes include in total assessable income only: A.Ordinary income derived from all sources worldwide B.Statutory income from all sources worldwide C.Ordinary income derived and statutory income from all sources worldwide D.Ordinary income derived only from Australian sources E.Statutory income only from Australian sources F.Ordinary income derived and statutory income only from Australian sources. Which of the following statement is correct: A.Assessable income consists only of ordinary income, statutory income and exempt income. B.Assessable income consists only of ordinary income, statutory income and exempt income. C.Assessible income consists only of ordinary income and statutory income. D.Statutory income includes all income according to ordinary concepts. E.All of the above statements are correct. F.None of the above statements are correct.
Australian residents for income tax purposes include in total assessable income only:
A.Ordinary income derived from all sources worldwide
B.Statutory income from all sources worldwide
C.Ordinary income derived and statutory income from all sources worldwide
D.Ordinary income derived only from Australian sources
E.Statutory income only from Australian sources
F.Ordinary income derived and statutory income only from Australian sources.
Which of the following statement is correct:
A.Assessable income consists only of ordinary income, statutory income and exempt income.
B.Assessable income consists only of ordinary income, statutory income and exempt income.
C.Assessible income consists only of ordinary income and statutory income.
D.Statutory income includes all income according to ordinary concepts.
E.All of the above statements are correct.
F.None of the above statements are correct.
Step by step
Solved in 3 steps
