Question 2 Julie Phillips is the Little Pear Administration Pty Ltd Managing Director. She has been in the company for 8 years but her position is no longer needed due to a recent outsourcing strategy. She accepts the redundancy termination and is paid $200,000. The genuine redundancy part of her payment is $300 per week worked for the company. Her other taxable income in 2018-19 is $125,000. Julie has not reached preservation age. a) Work out Julie's redundancy payment including the tax-free1 taxable component and tax withheld. (Show your workings]. Genuine redundancy: WORKINGS ANSWER Genuine redundancy Taxfree limit Subject to ETP cap (in excess of tax free limit) Non-genuine redundancy: Nongenuine redundancy Wholeofincome cap ETP cap Concessional tax Nonco ncessional tax 5