Which of the following statements is most correct?

Select one:

a. If your income is below $37,000, the 15% contributions tax will be returned to your account due to the low income superannuation tax offset

b. High income earners($250,000 for the 2020/21 financial year) are subject to an additional 15% contributions tax on part or all of their concessional contributions

c. All of these statements are correct

d. Contributions tax applies to the superannuation guarantee; salary sacrifice and personal deductible contributions

Which of the following statements is correct?

Select one:

a. If an individual is on a marginal tax rate of 39% (including a 2% Medicare levy), they can save 24% tax if they divert some of their income to superannuation in the form of a salary sacrifice contribution.

b. Anyone who make a salary sacrifice contribution will save on their income tax.

c. If an individual is on a marginal tax rate of 34.5% (including a 2% Medicare levy), they can save 24% tax if they divert some of their income to superannuation in the form of a salary sacrifice contribution.

d. If an individual is on a marginal tax rate of 37% (plus 2% Medicare levy), they can save 22% tax if they divert some of their income to superannuation in the form of a salary sacrifice contribution.

The following contributions are made to William's superannuation fund throughout the year:

Superannuation Guarantee contributions of $9500

Personal Deductible contributions of $14500

Non-concessional contributions of $5000

Assuming that none of William's contributions have exceeded the contributions caps,what will be the total amount of contributions tax deducted by the super fund?

Select one:

a. $750.00

b. $4350.00

c. $3600.00

d. $2175.00

The following contributions are made to Jenny's superannuation fund throughout the year:

Superannuation Guarantee contributions of $12500

After-tax contributions of $15000

Salary Sacrifice contributions of $5000

What will be the total amount of contributions tax deducted by the super fund?

Select one:

a. $4875.00

b. $4125.00

c. $2625.00

d. $2250.00