Question
Steve (58) receives a lump sum benefit from his taxed super fund of $400,000. Steves fund is 65% taxable component and he has made no
Steve (58) receives a lump sum benefit from his taxed super fund of $400,000. Steves fund is 65% taxable component and he has made no previous withdrawals from super. How much tax will Steve pay on his benefit (excluding Medicare levy)?
A. $39,000 B. $12,750 C. $34,500 D. $0
The answer says its B but can you provide process to solution please? Thank you
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller
4th Edition
0471694177, 978-0471694175
