Analyze nestle csr initiative plan focuses on society issues
This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
How much is the total tax payable before salary sacrifice
Assignment Instructions
Assignment ID: FG133016208
Question – Adam and Sarah are married and have two children. They recently purchased private health cover. Sarah is a homemaker and Adam works in a telecommunication company. Adam receives annual remuneration of $98,000 and $12,286 per annum in allowable deductions. He has $100,000 worth of shares of a large company, producing a 3% annual dividend yield (fully franked). He is concerned about saving for retirement and has decided to salary sacrifice $10,000 annually to superannuation. Considering all the Medicare levies and offsets, answer the following questions.
Required –
-How much is the total tax payable before salary sacrifice arrangement?
-How much is the total tax payable after salary sacrifice arrangement?
-Is it worthwhile for Adam to salary sacrifice $10,000? Explain. Given the availability of the age pension, why does Adam need to save through his superannuation fund for retirement?
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