The monetary cost of World War II was ten times the cost of World War I. Raising revenue via taxation became a vital part of Australia’s war effort.
Working with a partner, consider the scenario you are assigned and decide whether the money should be considered part of assessable income for the calculation of their income tax.
Add your ideas online and be ready to present your decision and justify it to the whole class.
|Task B1.2 Assessable income revisited|