Slinky made personal superannuation contributions of $23,000 throughout the year. He was also employed by another company to provide business consulting services to archery-specific businesses on Friday nights. As part of his employment with the consulting company, Slinky also received an agreed 15% of his gross salary of $30,000 to his nominated superannuation fund. Based on the above facts and relevant tax laws, what amount should Slinky claim as an allowable deduction in relation to his superannuation received?

Answer rating: 100% (QA)

Slinkys Allowable Deduction for Superannuation Contributions There are two components to consider ... View the full answer