QUESTION 9 The Cliff Superannuation Fund (a complying superannuation fund) had the following receipts and payments for the current tax year 2018/19: Receipts: Employer contributions of $350,000 Employee voluntary contributions (concessional contribution) of $50.000 Salary sacrifice contributions made of $45,000 Unfranked dividends of $70,000 Payments: Administration fees of $8,000 Insurance premium for death and disability of $15,000 Tax agent fees of $5,000 . PAYG instalments of $60,000 Required: Calculate the taxable income and the tax payable of the fund for the year ended 30 June 2019. Clearly list all possible assessable income and all possible allowable deductions, (19 Marks) QUESTION 9 The Cliff Superannuation Fund (a complying superannuation fund) had the following receipts and payments for the current tax year 2018/19: Receipts: Employer contributions of $350,000 Employee voluntary contributions (concessional contribution) of $50.000 Salary sacrifice contributions made of $45,000 Unfranked dividends of $70,000 Payments: Administration fees of $8,000 Insurance premium for death and disability of $15,000 Tax agent fees of $5,000 . PAYG instalments of $60,000 Required: Calculate the taxable income and the tax payable of the fund for the year ended 30 June 2019. Clearly list all possible assessable income and all possible allowable deductions, (19 Marks)