Question 4 Thomas Young started working for Little Pear Administration Pty Ltd on 27 May 2008. He recently turned 60 years old and will be retiring from Little Pear Administration Pty Ltd on 11 January 2019. His taxable income up to the retirement date is $100,000 and his accrued annual leave is $3,400. Thomas receives $76,600 as gratuity for his years of service. a) Calculate the tax payable for Thomas' ETP (show your workings). WORKINGS AMOUNT No tax on income between $1 - $18,200 SO $3,572 19c for every dollar between $18,201 - $37,000 2018-19 taxable income $17,225 $24,497 32.5c for every dollar between $37,001 - $90,000 $3,700 37c for every dollar between $90,001 - $180,000 Accrued Annual Leave Gratuity Whole-of-income cap ETP cap Tax amount