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Determine the total tax levied on the contributions

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Reference no: EM132555870

Anna works for the Eastern Medical Centre as admin officer with the Marginal Tax rate of 47%. She has just turned 48 in June 2020. Eastern Medical Centre contributed $13,000 under superannuation guarantee charge. Anna entered into Salary sacrifice agreement with Eastern Medical Centre to sacrifice 10% of her salary into superannuation fund. This extra contribution has resulted in an additional contribution of $17,000 for the current income year.

Question 1: Discussion on the effect of these arrangement of both Anna and the Eastern Medical Centre?

Question 2: Determine the total tax levied on the contributions to Anna's superannuation fund and the tax effect on Anna's employer?

Reference no: EM132555870

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