Tax Question

[FinalFantasy]

Hi, I am a uni student and I work at a law firm as an office boy\legal clerk\paralegal.. whatever you like to call it...
They give me $50\day of "transport subsidies" (or the equivalent) when I work there.

I have made well over $6k purely from my shares trading...
Now the question is... Am I required to pay tax on the $50\day I get from work? This $50\day money has added up to almost $2k now.

Thanks for your time!

-Final Fantasy

 

[son of baglimit]

Re: Tax Question.

this sounds like an allowance to me, and as such, is assessable - grab a tax pack and look at question 2 in the income section.

 

[alanding]

If it is in cash. Just keep yourself.
otherwise, you should pay tax at this.

 

[FinalFantasy]

It is not in cash

Damn, if it is assessable that means I'm gonna get like nothing