Question
Rogue Morientes, aged 61, received a superannuation lump sum of $385,420 from his superannuation fund upon retirement on 8 January 2022. The lump sum was
Rogue Morientes, aged 61, received a superannuation lump sum of $385,420 from his superannuation fund upon retirement on 8 January 2022. The lump sum was comprised entirely of an element taxed in the fund. Rogue also received gross wages of $72,730 upto the date of his retirement.
Calculate Rogue's taxable income for the 2O21/22 tax year.
Step by Step Solution
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Step: 1
To calculate Rogues taxable income for the 202122 tax year we need to consider his gross wage...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
