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Homework answers / question archive / QUESTION 7 Mary has $400,000 in her superannuation fund made up of a tax-free component of $200,000 and a taxable component of $200,000

QUESTION 7 Mary has $400,000 in her superannuation fund made up of a tax-free component of $200,000 and a taxable component of $200,000

Accounting

QUESTION 7

Mary has $400,000 in her superannuation fund made up of a tax-free component of $200,000 and a taxable component of $200,000. Mary, who is 60, retires and receives a superannuation lump sum of the full amount. How much tax is Mary liable for?

   

Nil

   

Her marginal tax rate on $200,000

   

15% on $200,000

   

15% on $400,000

QUESTION 7

  1. Mary has $400,000 in her superannuation fund made up of a tax-free component of $200,000 and a taxable component of $200,000. Mary, who is 60, retires and receives a superannuation lump sum of the full amount. How much tax is Mary liable for?

       

    Nil

       

    Her marginal tax rate on $200,000

       

    15% on $200,000

       

    15% on $400,000

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