Lou is a self-employed auditor who is a part-time director of Small Pty Ltd. Lou's taxable income
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Question:
$253,000 from audit fees;
$(20,000) loss on investment activities,
$25,000 deduction for contribution to a complying superannuation fund.
What are the implications for her superannuation in the current year?
Activity 10
Sheree has just been notified that she will be receiving a bonus from her employer of $20,000 this financial year. While she is very excited she is concerned with the amount of tax she will pay (she is on the top marginal tax rate). She instructs her employer that she wishes to salary sacrifice this bonus. What are the implications to her and her employer?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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