Question
In the current income year, Angelo earned $50,000 in basic wages from a single employer. He also received overtime payments of $10,000 and a reasonable
In the current income year, Angelo earned $50,000 in basic wages from a single employer. He also received overtime payments of $10,000 and a reasonable car allowance of $8,000. His employer only makes the mandatory SG contribution to Angelo’s complying super fund.
- a). How much is the employer’s super contributions this year and how much of this is deductible to the employer.
- b). By how much will Angelo’s super balance increase?
- c). If Angelo also made a $5,000 non-concessional personal contribution, how much will his super balance increase?
- d). If Angelo also had part-time job with another employer and earning basic salary of $400 per month, how much will this employer’s SG contribution be to Angelo’s account?
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