13. Penny Lane's gross pay from her employer for the week ending 30 September was $2800. Her employer deducted PAYG income tax of $840, union fees $24 and donations to charity $55. Penny's employer also pays 9.5% of her gross pay to a superannuation fund to comply with the Superannuation Guarantee requirements. What is her net pay for the week? a) $1,881 b) $1,615 c) $1,960 d) $2,534 14. When a company issues new shares for cash, the impact on the accounting equation is to increase: a) equity and decrease assets b) equity and increase liabilities C) liabilites and increase assets d) asse and increase equity