The Australian Superannuation Fund (which is a resident complying fund) has operpted for 25 years accepting contributions from employers and members. The fund had the following receipts and payments for the current tax year 2020/21: Receipts: Contributions paid by employers as required under Superannuation Guarantee legislation $190,000 (tax file numbers supplied except for $50,000 contributions) After tax contributions by employees $12.000 Contributions received directly from self-employed members (these are deductible to the members) $36,000 Government Co-contribution $6,000 Interest received from Brazil $1,800 (net of 10% withholding tax) Payments: Fund admin costs $27,000 Payment to retiring members of the fund $42.000 PAYG instalments $23,000 Required: Calculate the taxable income and the tax payable of the fund for 2021, Clearly list all possible assessable income and all possible allowable deductions. The Australian Superannuation Fund (which is a resident complying fund) has operpted for 25 years accepting contributions from employers and members. The fund had the following receipts and payments for the current tax year 2020/21: Receipts: Contributions paid by employers as required under Superannuation Guarantee legislation $190,000 (tax file numbers supplied except for $50,000 contributions) After tax contributions by employees $12.000 Contributions received directly from self-employed members (these are deductible to the members) $36,000 Government Co-contribution $6,000 Interest received from Brazil $1,800 (net of 10% withholding tax) Payments: Fund admin costs $27,000 Payment to retiring members of the fund $42.000 PAYG instalments $23,000 Required: Calculate the taxable income and the tax payable of the fund for 2021, Clearly list all possible assessable income and all possible allowable deductions