Ronald Trump aged 59 was retrenched from his employer on 31 August 2021 He had worked for his employer for 10 Years and received a redundancy payment from his employer of $100,000. He also received salary and wages of $20,000 and received a lump sum payment from his superfund of $120,000. His taxable income for 2022 is ?

Answer rating: 100% (QA)

Redundancy Payment 100000 Salary and Wages 20000 Lump Sum Payment from Superfund 120000 First lets d... View the full answer