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Robin is a scientist and on 15 May 2020 she received compensation of $80,000 for...

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Accounting

Robin is a scientist and on 15 May 2020 she received compensation of $80,000 for wrongful dismissal from her former employer, LabexPty Ltd. The compensation was to reimburse Robin for lost wages as a result of the dismissal. On 20 May 2020, Robin received $10,000 for agreeing to enter into a two-year contract to work with Johnson & Co Pty Ltd and she started working for them on 10 July 2020. While she was between jobs, she did some part-time work as a consultant and earned a net amount of $1,700 after PAYG withholding of $800 was deducted.

Based on the above transactions, what amount will Robin include in her assessable income for the year ended 30 June 2020? Explain your treatment of each item.

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