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Jamee is a resident taxpayer. For the year ended 30 June 2020 he received: Gross salary of $82,000 from which PAYG of $20,100 had been withheld. Net interest of $745 after TFN withholding tax of $715 had been withheld. In September 2019 Jamee received $1,100 as his share in the winnings from a punters club with his work colleagues. In January 2020 he received a holiday valued at $3,400 from his employer for achieving the highest sales in the previous year. In June 2020, Jamee's employer announced that he would be giving Jamee a pay rise effective from 1 April 2020. He is therefore to receive backpay of $2,000 of which $1,000 will be paid on 27June 2020 and the remaining $1,000 will be paid on 4 July 2020. Dividend of $12,000 deposited to his bank account in May 2020 in respect of a 70% franked Australian dividend (company tax rate 30%). Interest on a term deposit with a Swedish bank of $3,600 (10% withholding tax had been deducted). A. Advise Jamee how each payment would be treated, provide relevant section, case law and other supporting evidence. B. Calculate Jamee's assessable income for the current year ended 30 June 2020. Jamee is a resident taxpayer. For the year ended 30 June 2020 he received: Gross salary of $82,000 from which PAYG of $20,100 had been withheld. Net interest of $745 after TFN withholding tax of $715 had been withheld. In September 2019 Jamee received $1,100 as his share in the winnings from a punters club with his work colleagues. In January 2020 he received a holiday valued at $3,400 from his employer for achieving the highest sales in the previous year. In June 2020, Jamee's employer announced that he would be giving Jamee a pay rise effective from 1 April 2020. He is therefore to receive backpay of $2,000 of which $1,000 will be paid on 27June 2020 and the remaining $1,000 will be paid on 4 July 2020. Dividend of $12,000 deposited to his bank account in May 2020 in respect of a 70% franked Australian dividend (company tax rate 30%). Interest on a term deposit with a Swedish bank of $3,600 (10% withholding tax had been deducted). A. Advise Jamee how each payment would be treated, provide relevant section, case law and other supporting evidence. B. Calculate Jamee's assessable income for the current year ended 30 June 2020

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