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Problem 1: Which of the following statements is INCORRECT in respect of the total superannuation balance?
Select one:
a. If your total superannuation balance is $1.6 million or more, you are no longer able to make non-concessional contributions.
b. If you are under the age of 67 you will always be able to make non-concessional contributions, regardless of your total superannuation balance.
c. If your total superannuation balance is $1.6 million or more, you are not eligible for the government co-contribution.
d. If your total superannuation balance is $500,000 or more, you cannot benefit from the new carry forward concessional contributions which are available from 1 July 2018.
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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