Question
QUESTION 7 Mary has $400,000 in her superannuation fund made up of a tax-free component of $200,000 and a taxable component of $200,000. Mary, who
QUESTION 7
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Mary has $400,000 in her superannuation fund made up of a tax-free component of $200,000 and a taxable component of $200,000. Mary, who is 60, retires and receives a superannuation lump sum of the full amount. How much tax is Mary liable for?
Nil
Her marginal tax rate on $200,000
15% on $200,000
15% on $400,000
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The Board Of Directors And Audit Committee Guide To Fiduciary Responsibilities Ten Critical Steps To Protecting Yourself And Your Organization
Authors: Sheila Moran CPA CFE, Ronald Kral CPA CMA
1st Edition
0814431666, 978-0814431665
