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How much tax would be payable by the abc superannuation fund

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    Assignment ID: FG133134543

    Question – How much tax would be payable by the ABC Superannuation Fund which provided the following details for the current financial year:

    Sale of investments for a profit of $50,000 that were held for 9 months

    Sale of investments for a profit of $90,000 that were held for 3 years

    Other income of $220,000 (including $100,000 in non-concessional contributions)

    Allowable deductions of $10,000

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