QUESTION 12 George provides you with the following information in respect of the 2022 income year: $ • gross salary and wages • a compensation payment from an insurance company for the loss of one finger 28,000 • interest accrued at 30 June 2022 in respect of a 6-month term deposit invested on 5 January 2022 but not paid to George until 5 July 2022 900 • Navy Reserve pay (for part-time service eight weekends per year) 1,600 71,000 What is George's assessable income for the 2022 income year? $71,000 $71,900 $72,600 $73,500

QUESTION 12 George provides you with the following information in respect of the 2022 income year: $ • gross salary and wages • a compensation payment from an insurance company for the loss of one finger 28,000 • interest accrued at 30 June 2022 in respect of a 6-month term deposit invested on 5 January 2022 but not paid to George until 5 July 2022 900 • Navy Reserve pay (for part-time service eight weekends per year) 1,600 71,000 What is George's assessable income for the 2022 income year? $71,000 $71,900 $72,600 $73,500

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 12EB: Reference Figure 12.15 and use the following information to complete the requirements. A. Determine...

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