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Janet, Paul, William, Tran, Chen and Hugui propose to become members of Prosperous SMSF. They each are employed and have

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Janet, Paul, William, Tran, Chen and Hugui propose to become members of Prosperous SMSF. They each are employed and have the following salaries (not including super guarantee)

 Salary (no SG)
Janet$82,300.00
Paul$87,500.00
William$110,750.00
Tran$145,863.00
Chen$201,400.00
Hugui$191,236.00

Assume the SG rate is 11% and the max concessional is $27,500 for the 2023-2024 year. No more than 6 members in SMSFs.

What is the maximum amount each member could contribute in Concessional contributions this year (assuming no available concessional rollovers)? 

NameConcessional amount
Janet 
Paul 
William 
Tran 
Chen 
Hugui 


Paul contributed $20,000 in concessional contributions this year. Please comment?

Hugui wants his friend, Bob, to become a member of the Prosperous SMSF. All members are keen to welcome Bob. Please comment?

Advise the members on the advantages and disadvantages of appointing a corporate trustee?

 




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Organizational Behavior

Organizational Behavior

ISBN: 9781593998776

1st Edition

Authors: OpenStax

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Question Details
Chapter # 11- Communication
Section: Cases
Problem: 3
Posted Date: September 13, 2023 23:53:21
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