Question
The Spotless Superannuation Fund is a complying superannuation fund. The fund received the following contributions: July 2021 Contributions from contributing employer relating to 2020/21 $
The Spotless Superannuation Fund is a complying superannuation fund. The fund received the following contributions:
July 2021 | Contributions from contributing employer relating to 2020/21 | $ 27800 |
Sept 2021 | Superannuation Guarantee Shortfall received from ATO | $ 11400 |
Oct 2021 | Contributions from employer relating to Sept 2021 quarter | $ 34500 |
Jan 2022 | Contributions from employer relating to Dec 2021 quarter | $ 36100 |
Apr 2022 | Contributions from employer relating to March 2022 quarter | $ 27450 |
July 2022 | Contributions from employer relating to June 2022 quarter | $ 19320 |
All of the above amounts relate to members who have supplied their TFN.
There was a further $8340 of superannuation accrued and payable by the contributing employer in relation to 2021/22 but not yet received by the fund.
Calculate the fund's assessable income from contributions for the 2021/22 tax year.
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