The ATO assessed Agness financial year 2021 Division 293 income of $300,000 and $25,000 in concessional contribution for the superannuation purposes of Division 293. REQUIRED:

(a) Calculate Agness Division 293 taxation liability. Show your calculations.

(b) Calculate the total amount of taxation payable on Agness $25,000 superannuation contribution, including paying the Division 293 taxation liability. Show your calculations.