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Royalty Income Some years ago, Christopher wrote a book entitled "Writing your own Will", which retails for sale at most good Brisbane book retailers...

Royalty Income

Some years ago, Christopher wrote a book entitled "Writing your own Will", which retails for sale at most good Brisbane book retailers for $19.95. For each book sold, Christopher receives a royalty of $5 from the book publisher.

On 26 June 2017, Christopher receives a cheque for $1,240 from the book publisher, representing royalty income in respect of the sale of 248 books during the 2017 income year.

calculate his tax return

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