An income bank is ____________________. A.a record of all past youth allowances received during this fiscal year.B.a balance at centrelink that increases when the income from work is above $575.C.a balance at centrelink that decreases when the income from work is below $575.D.a balance at centrelink that decreases when the income from work is below $480.E.a balance at centrelink that decreases when the income from work is above $480.F.a type of saving account.

Which of the following would NOT be considered as an income?A.interest from savings accountB.the wage from workC.a child benefitD.interest on a loan

A dependent student's youth allowance value is affected by  _______________________.You can select more than one answer.A.his parents' assetsB.his parents' incomeC.his parents' income bank balanceD.his own income from workE.his place of living, at home or away from homeF.his own assetsG.his own income bank balance

Give an example of an item included in the balance on secondary income.

Nadine, a 20 year- old student, with one child and no partner,  lives at home to receive help for child care. Her parents' income is $65,000 a year. She earns $600 a fortnight in a casual job and her income bank balance is $0. Her allowance is calculated in the following way: ___________________________. A.= 720.40 -  [0.50 x (600 -480) ]B.= 720.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]C.= 389.40 -  [0.50 x (600 -480) ]D.= 720.40 - [ 47.50 +0.60 x (600 -575) ]E.= 389.40 -  [ 47.50 +0.60 x (600 -575) ]F.= 389.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]

P/L appropriation account2. Calculation of interest on capital or interest on drawing3. Past adjustments4. Calculation of NPSR5. Treatment of goodwill, investment fluctuation reserve, workmen compensation reserve7. Final problems on admission with capital adjustment8. Final problems on retirement9. Loan account at the time of retirement10. Calculation of profit upto the date of death 11. Realisation entries 12. Realisation expenses different cases13. Major heads and sub heads(income statement and balance sheet)14. Comparative statement and common size statement)15. Major ratios (current, quick, debt-equity, inventory turnover, trtr/tptr,gpr,npr etc)16. Cash flow statement