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Marilyn is 59 years old and has a balance of $750000 in her transition to retirement income stream account. She has a $187500 tax-free component

Marilyn is 59 years old and has a balance of $750000 in her transition to retirement income stream account. She has a $187500 tax-free component and a $562500 taxable component (taxed element). Marilyn withdraws an income stream from this account, in the amount of$30000 for the current year. Marilyn's marginal tax rate, including the medicare levy is 39% (37% + 2%).

What % of the total benefit is the tax-free component?

What % of the total benefit is the taxable component?

What is thevalueof the tax-free component of the withdrawal?

What is thevalueofthe taxable component of the withdrawal?

For the 2020/21 financial year,how much withdrawal tax (including the Medicare Levy) would apply to the total withdrawal amount?

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