Refer to the Little Pear Group Salary Packaging Policy to learn about the FBT treatment. Help...

Transcribed Image Text:

Refer to the Little Pear Group Salary Packaging Policy to learn about the FBT treatment. Help Erick to compare the two options by completing the below table. No Salary Sacrifice 1. Package Value 2. Value of Benefits Provided 3. FBT Payable by Employer 4. = Salary Sacrifice Amount (=2.+3.) 5. Package Value less Sal. Sac. Amount = Assessable Income (= 1.-4.) 6. less Income Tax Payable 7. less Medicare Payable 8. add Tax Offsets (LMITO) 9. = After tax pay (= 5.-6.-7.-8.) Salary Sacrifice Refer to the Little Pear Group Salary Packaging Policy to learn about the FBT treatment. Help Erick to compare the two options by completing the below table. No Salary Sacrifice 1. Package Value 2. Value of Benefits Provided 3. FBT Payable by Employer 4. = Salary Sacrifice Amount (=2.+3.) 5. Package Value less Sal. Sac. Amount = Assessable Income (= 1.-4.) 6. less Income Tax Payable 7. less Medicare Payable 8. add Tax Offsets (LMITO) 9. = After tax pay (= 5.-6.-7.-8.) Salary Sacrifice

Answer rating: 100% (QA)

Here is the comparison of the two salary packaging options for Erick ba... View the full answer