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Accounting

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1.A tax payer can deduct from his/her assessable income any loss or outgoing to the extent that It is incurred in gaining or producing the person's assessable income The person has signed a declaration saying that all losses and outgoings incurred are for the benefit of the employer The loss or outgoing was incurred on the weekend None of the above

2.What triggers CGT? The happening of a CGT Event in relation to a CGT Asset B The happening of a CGT Event The disposal of a CGT Asset O A contract to transfer a CGT Asset