Alex is a tax
resident of Australia. He is employed as a mechanic at Fix-A-Car Pty Ltd with a
salary...

Question

Alex is a tax
resident of Australia. He is employed as a mechanic at Fix-A-Car Pty Ltd with a
salary of $60,000 pa.

Robert · Accepted Answer

Alex is a tax resident of Australia. He is employed as a mechanic at Fix-A-Car Pty Ltd with a salary of $60,000 pa. In the course of his employment the company Alex received a car allowance of $5,000 and reimbursed him $200 for his parking expenses for the year ended 30 June 2012.
In the weekends Alex repairs automobiles in his workshop in his house backyard to supplement his income. His close relative Tony usually bring his car to Alex’s home for servicing every month. Being a close relative to Alex, he did not to charge Tony for all the work done. Alex who loves gardening in return does Alex a favour by maintaining Alex’s garden every weekend. 
The recent economic downturn the Fix-A-Car Pty Ltd has to downsize. As a result Alex was made redundant and was offered a redundancy payment of $40,000.

Alex is a tax resident of Australia. He is employed as a mechanic at Fix-A-Car Pty Ltd with a salary of $60,000 pa.

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