On 1 October 2019, Johann and Wynona, two computer programmers, commenced apartnership

On 1 October 2019, Johann and Wynona, two computer programmers, commenced apartnership. As Johann had contributed most of the working capital, the partnership agreement provided that Johann would receive 60% of the net partnership income. For the year ended 30 June 2020, the partnership returned net profit of $140,000. This was after a payment of $20,000 in interest to Johann on the $120,000 capital which he had contributed to the partnership. Half of the partnership income is derived from overseas sources. Wynona is a non-resident of Australia for tax purposes. What is Wynona’s Australian assessable income? a. Nil b. $70,000 c. $28,000 d. $90,000

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