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QUESTION 3 Harper has $200,000 in her superannuation fund, and her fund is in the accumulations...

QUESTION 3

  1. Harper has $200,000 in her superannuation fund, and her fund is in the accumulations phase. Harper’s employer contributes $10,000 during the year. The fund has distributed Harper’s $200,000 into various investments and makes a gain of $25,000 for the current financial year. This gain consists of $15,000 interest and $10,000 in capital gains from the sale of assets that had been held for more than 12 months. What is the tax payable for the superannuation fund for the financial year?

    $5,250

    $1,500

    $4,750

    $3,250

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Expert Solution

ekkarill92 answered 1 year ago
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