Question
Your client Bunji is single, owns his own home and is retired on a full age pension. However, this tax year he will earn $14,000
Your client Bunji is single, owns his own home and is retired on a full age pension. However, this tax year he will earn $14,000 as he did some work part-time. He wants to salary sacrifice up to $9100 of this $14,000.
Questions:
- Is Bunji eligible to salary sacrifice while also retired on full age pension?
- Will he incur a tax bill? Why?
- How much tax will Bunji pay?
Step by Step Solution
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Step: 1
I can provide general information about salary sacrifice and taxes However please note that I am not a certified financial advisor and its always reco...
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Management Accounting
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey
4th Edition
0730369382, 978-0730369387
