Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 Louisa earns $33,684 and she has made a non-concessional contribution of $1,910 into her superannuation fund. Assuming she meets all the eligibility requirements,

QUESTION 1 Louisa earns $33,684 and she has made a non-concessional contribution of $1,910 into her superannuation fund. Assuming she meets all the eligibility requirements, what amount of government-contribution is she eligible to receive? A. $523 B. $422 C. $500 D. $457 QUESTION 2 Bill recently graduated from university and has started full time work. His starting salary is $64,000 p.a. and his employer is paying him mandatory employer contributions of 10.5% p.a which are contributed quarterly in arrears into his superannuation fund. The long-term expected average compound rate of return for the fund is 7.1% p.a. Tax on contributions is levied at 15%. The average rate of salary growth is 4% p.a. His expected accumulation over 30 years is closest to: A. $817,033.60 B. $867,033.60 C. $937,033.60 D. $897,033.60 QUESTION 3 Mary earns $22.000. Her spouse Max makes a non-concessional contribution of $2,100. Assuming they meet the eligibility requirements, Max is entitled to a tax offset of: A. $378 B. $234 C. S150 D. $123

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Automated Stock Trading Systems

Authors: Laurens Bensdorp

1st Edition

1544506031, 978-1544506036

More Books

Students also viewed these Finance questions

Question

Define the goals of persuasive speaking

Answered: 1 week ago