Debbie Gall, a resident taxpayer, operates an unlicensed cafe. Debbie lives with her
husband Rick.
During the tax year, Debbie had the following transactions:
Sales $
Purchases of Trading Stock $includes cakes and scones supplied by her
husband Ricks caf for $ which had a market value of $
Stock July $; and June $
Other deductions $
Stock taken home $
Parking fine paid for stopping near customers building $
Total GST collected for the year $ total GST paid for the year $in
addition to the above amounts. The amounts above do not include GST
Using the above data, calculate Debbies taxable income