Calculate Wendy's Taxable Income in Light of the Following

Essay

Calculate Wendy's taxable income in light of the following:
· Assessable income = $35,000 (source is salary and dividends)
· Donation to political party = $2,000
· Interest on a loan to buy shares (which produced assessable income included in $35,000) = $4,000
· Compulsory work uniform costs = $220