What is Dan s assessable income in the current tax year

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Question - Dan Sackville works for Roller Coaches Pty Ltd. In August of the current tax year, he received a gross payment of $4500 from his employer. The payment comprised the following components: Wages (for work in June of the prior tax year) $2000 Wages (for work in July of the current tax year) $2000 Clothing allowance $500

The clothing allowance was designed to cover the cost of Dan's work-related clothing. Dan spent $800 on work-related clothing in the current tax year. Roller Coasters Pty Ltd withheld $900 for PAYG from the total gross payment of $4,500 and Dan received a cheque for the net amount of $3600. In relation to the payment, what is Dan s assessable income in the current tax year?

a. $2,500

b. $4,500

c. $2,000

d. $3,600

Reference no: EM132622291

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