Question
Anna works for the Eastern Medical Centre as admin officer with the Marginal Tax rate of 47%. She has just turned 48 in June 2020.
Anna works for the Eastern Medical Centre as admin officer with the Marginal Tax rate of 47%. She has just turned 48 in June 2020. Eastern Medical Centre contributed $13,000 under superannuation guarantee charge. Anna entered into Salary sacrifice agreement with Eastern Medical Centre to sacrifice 10% of her salary into superannuation fund. This extra contribution has resulted in an additional contribution of $17,000 for the current income year.
-Discussion on the effect of these arrangement of both Anna and the Eastern Medical Centre?
-Determine the total tax levied on the contributions to Anna's superannuation fund and the tax effect on Anna's employer?
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Authors: Jeff Madura
5th edition
132994348, 978-0132994347
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