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(Assessable contributions) The Spotless Superannuation Fund is a complying superannuation fund. The fund received the following contributions: July 2017 Contributions from contributing employer relating to

(Assessable contributions)

The Spotless Superannuation Fund is a complying superannuation fund. The fund received the following contributions:

July 2017

Contributions from contributing employer relating to 2016/17

$ 27,800

Sep 2017

Superannuation Guarantee Shortfall received from ATO

11,400

Oct 2017

Contributions from employer relating to Sept 2017 quarter

34,500

Jan 2018

Contributions from employer relating to Dec 2017 quarter

36,100

Apr 2018

Contributions from employer relating to March 2018 quarter

27,450

July 2018

Contributions from employer relating to June 2018 quarter

19,320

All of the above amounts related to members who have supplied their TFN.

There was a further $8,340 of superannuation accrued and payable by the contributing employer in relation to 2017/18 but not yet received by the fund.

Required:

Calculate the funds assessable income from contributions for the 2017/18 tax year.

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