What is johns assessable income for the financial year

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Problem

John is a full-time university student and during the year he earned: Income from working in a pizzeria of $20,000 Tips from customers of $1,000 At Christmas time, a bottle of expensive Scotch worth $250, he doesn't drink spirits so regifted the bottle. A monthly dinner with the owner of the pizzeria, where the owner spends around $600 on 6 employees. Get the instant assignment help. What is John's assessable income for the financial year?

Reference no: EM133901421

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