Tom, age 27 has a superannuation fund with the following investments: 1200 Shares of Commonwealth Bank (CBA) purchased on 5th January 2008 at a price of $29.34 and sold on 17th February 2020 at price of $90.05. 450 Shares of Woodside Petroleum (WPL), purchased on 10th October 2019 at a price of $31.05 and sold on 5th February 2020 at a price of $35.09 His twin sister Beatrice engaged in the identical (i.e. exactly the same as above) investments and sales, in her personal account, (i.e. external to superannuation). Both Tom and Beatrice are at the highest Marginal Tax Rate of 47% (including Medicare Levy) In relation to the investments above (and ignoring any other factors):

Note: Please show each step of your calculations. If you just provide the final answer or incomprehensible calculations, you could obtain a zero mark!

.1 What is the total gross profit made by Toms superannuation? (3 marks)

2.2 What is the total gross profit made by Beatrices investments? (2 marks)

2.3 What is the total net (i.e. after tax) profit made by Toms superannuation? (2 marks)

2.4 What is the total net (i.e. after tax) profit made by Beatrice? (4 marks)

2.5 State one (1) advantage and one (1) disadvantage of Toms choice of investment structure (2 marks)

Maximum word count 50 words

2.6 State one (1) advantage and one (1) disadvantage of Beatrices choice of investment structure