Rogue Morientes, aged 61, received a superannuation lump sum of $385,420 from his superannuation fund upon retirement on 8 January 2022. The lump sum was comprised entirely of an element taxed in the fund. Rogue also received gross wages of $72,730 upto the date of his retirement. 

Calculate Rogue's taxable income for the 2O21/22 tax year.

 

Answer rating: 100% (QA)

To calculate Rogues taxable income for the 202122 tax year we need to consider his gross wage... View the full answer