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094 income and deductions!

Dev Raga Personal Finance

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Accessible Income and Tax Exempt Income

There is no such thing in Australia as cash jobs. Any cash you receive in exchange for any goods or services is accessible income. This notion that if you get paid cash means you don't need to pay tax, is incorrect and potentially illegal and fraudulent. The second type of income that you need to be aware of is something called exempt income or tax exempt income. Veterans and some workers with disabilities are possibly eligible for this type of taxexempt income. Some education payments are also tax exempt.

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