Question
d Gallen is a single resident taxpayer aged 59. It was mutually agreed that his appointment as head coach of the Lesser Eastern Sydney AFL
d Gallen is a single resident taxpayer aged 59. It was mutually agreed that his appointment as head coach of the Lesser Eastern Sydney AFL team would be terminated.
On termination, Sid received the following:
Unused Annual Leave (post 17/8/93) | $6800 |
Severance Payment (including $31255 PAYG tax withheld) | $167000 |
Reportable Fringe Benefit (the club allowed Sid to keep some air tickets) | $9300 |
Gross salary during the year up until the date of termination (PAYG tax withheld 41000) | $120000 |
No private health insurance, no dependent children |
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
