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Can you help me with this please?? I need asap! CASE 3 (1) Employment termination payment Mary Adams 45, retired from her job as an
Can you help me with this please??
I need asap!
CASE 3 (1) Employment termination payment Mary Adams 45, retired from her job as an engineer with XYZ Ltd. Mary received the following payments including approved early retirement payments after 8 years with XYZ Ltd. Gross salary from employer $170,000 Approved early retirement scheme payment $97,000 Unused annual leave $15,000 Unused long service leave $7,400 Required Advise Mary on the taxation implications of her retirement. Assume no deductions to claim. You must clearly identify any ETP tax offset. You must provide relevant cases and/or legislation. (2) Superannuation On 1 July 2021 Mary Adams, aged 55, retired from her job as an engineer with XYZ Ltd. Mary wishes to withdraw her Super fund. The total amount includes the following elements; After-tax voluntary contribution $11,000 Government co-contribution $8,000 Element untaxed in the fund $4,000 Element taxed in the fund $461,000 Required Advise Barbra what would be the tax consequences of withdrawing her super fund during 2020/21, including all options available to her. You must provide relevant cases and legislation. CASE 3 (1) Employment termination payment Mary Adams 45, retired from her job as an engineer with XYZ Ltd. Mary received the following payments including approved early retirement payments after 8 years with XYZ Ltd. Gross salary from employer $170,000 Approved early retirement scheme payment $97,000 Unused annual leave $15,000 Unused long service leave $7,400 Required Advise Mary on the taxation implications of her retirement. Assume no deductions to claim. You must clearly identify any ETP tax offset. You must provide relevant cases and/or legislation. (2) Superannuation On 1 July 2021 Mary Adams, aged 55, retired from her job as an engineer with XYZ Ltd. Mary wishes to withdraw her Super fund. The total amount includes the following elements; After-tax voluntary contribution $11,000 Government co-contribution $8,000 Element untaxed in the fund $4,000 Element taxed in the fund $461,000 Required Advise Barbra what would be the tax consequences of withdrawing her super fund during 2020/21, including all options available to her. You must provide relevant cases and legislation
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