Question: Ms . Lisa Mark has been employed with PwC Consulting since January 2 0 0 0 . She earns a base salary of K 1
Ms Lisa Mark has been employed with PwC Consulting since January She earns a base salary of K per fortnight. Ms Mark retired from her position at the end of December due to reaching the retirement age. She submitted a tax declaration form claiming two dependents. Her final payment includes:
Accrued annual leave payment for fortnights amounting to K
Ex Gratia payment of K
Payment in lieu of notices for fortnights totalling K
Superannuation payment:
Accrued prior to January K
Accrued after January K
Of the superannuation payment, comprises the employer and interest components.
Required: Calculate Ms Lisa Mark's final payment and total tax payable.
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