Question: im confused with the answer taxation a taxpayer is an...
im confused with the answer: taxation
A taxpayer is an Australian resident individual taxpayer entity. During 2019/20 the taxpayer is employed by Jim’s Mowing and earns $58,000 in wages. He also receives $500,000 from the disposal of an investment property purchased in September 2002, which he originally acquired for $200,000. Prior to their death, the taxpayer's partner received an invalidity service pension of $30,000, due to injuries received whilst on duty. The taxpayer has prior year net capital losses of $20,000. The taxpayer has $10,000 of allowable deductions.
What is Barry’s assessable income for 2019/20?