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solve this one please Im appreciate Jacob is 29 and earns $100,000. As part of the applicable industrial award his employer contributes an amount equal
solve this one please Im appreciate
Jacob is 29 and earns $100,000. As part of the applicable industrial award his employer contributes an amount equal to 12% of his salary to his nominated superannuation fund. If Jacob salary sacrifices $10,000 into his superannuation fund during the 2021-22 income year: 1. What is the total amount of tax payable by his superannuation fund on his behalf, in relation to his total contributions (salary sacrifice and super guarantee)? (6 marks) 2. In this situation, are there any tax or other consequences for Jacob himself? Explain your answer. (4 marks) Step by Step Solution
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