Income and taxable income separately

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Reference no: EM133209524

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Tony has earned the following incomes and deductions during the tax year. Calculate his assessable income and taxable income separately. Salary $62,000 Rental income $20,000 Interest income $80 Allowable deduction $10,000 Exempt income 57000 (Note: Exempt Income and NAME are NOT to be added to the assessable income)

Reference no: EM133209524

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