Required In your own words and on the basis of the information provided, calculate Alex’s assessable income for the year ended 30 June 2020. Justify your answers with reasonably arguable positions using the ‘cite, describe, apply’ approach. For the purposes of this assignment you should assume Alex is an Australian resident individual taxpayer and that he is NOT in business. Please note the following: • While the question asks you to calculate Alex’s assessable income, you must NOT treat this as an accounting exercise. This is a law exercise and marks are awarded for the quality and correctness of your reasonably arguable positions in accordance with the ‘cite, describe, apply’ approach. • Issues are NOT weighted equally in marks. Issues that require more law to be cited, described and applied have more marks allocated to them.
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