Calculate the withholding amount. In context of Australia . Please complete the step 7,8 any correction in between.

redundancy pay $48,200.00 unused sick leave $3,250.80 payment in lieu of notice $936.72 unused annual leave $1,250.96 unused long service leave $12,725.63 gratuity $15,000.00 for seven years is made redundant salary - $72,000 Calculation:

Step 1 : The redundancy payment and unused sick leave qualifies as genuine redundancy = $48,200.00 + $3,250.80 = $51,450.80

Step 2: The tax free limit on the genuine redundancy payment= $10,155.00 + (7 X 5,078.00) = $45,701.00

Step 3 : The taxable component from genuine redundancy part of payment = $51,450.80 - $45,701.00 = $5,749.80 will be taxed at 32%

Step 4: Calculating the remaining ETP cap = $200,000.00 - $5,749.80 = $194,250.20

Step 5: Calculating of non excluded payment - which is in lieu of notice and gratuity = $936.70 + $15,000.00 = $15,936.70

Step 6: ( as per 2017-18-whole of income cap - $180,000.00) Calculating of whole of income cap - (total income and annual leave and long service leave) =180,000 -$72,000 - 1,250.96 - 12,725.63 = $94,023.41

Step 7: Determine the lesser of the ETP cap (from step 4 and step 6)

Step 8: Calculated whole of income to the non- excluded payment