Penelope is currently between her preservation age and 60 years of age with a superannuationbalance of $1,000,000 which is a 100% taxable component. She tells you that she needs access to$100,000. She could withdraw $100,000 as an income stream or she could withdraw $100,000 partlyas an income stream and partly as a lump sum withdrawal (e.g. as a combination). Assuming she hasno other assessable income, calculate the tax payable under both options and thus show which option ispreferable

Nadine, a 20 year- old student, with one child and no partner,  lives at home to receive help for child care. Her parents' income is $65,000 a year. She earns $600 a fortnight in a casual job and her income bank balance is $0. Her allowance is calculated in the following way: ___________________________.

Nadine, a 20 year- old student, with one child and no partner,  lives at home to receive help for child care. Her parents' income is $65,000 a year. She earns $600 a fortnight in a casual job and her income bank balance is $0. Her allowance is calculated in the following way: ___________________________. A.= 389.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]B.= 720.40 - [ 47.50 +0.60 x (600 -575) ]C.= 389.40 -  [ 47.50 +0.60 x (600 -575) ]D.= 389.40 -  [0.50 x (600 -480) ]E.= 720.40 -  [0.50 x (600 -480) ]F.= 720.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]

Nadine, a 20 year- old student, with one child and no partner,  lives at home to receive help for child care. Her parents' income is $65,000 a year. She earns $600 a fortnight in a casual job and her income bank balance is $0. Her allowance is calculated in the following way: ___________________________. A.= 389.40 -  [ 47.50 +0.60 x (600 -575) ]B.= 720.40 - [ 47.50 +0.60 x (600 -575) ]C.= 720.40 -  [0.50 x (600 -480) ]D.= 720.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]E.= 389.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]F.= 389.40 -  [0.50 x (600 -480) ]

Natasha, who is 37, and her husband Tyrone, who is 42, have been members of a superannuationfund for many years. They have two children under 18 years old. Unfortunately, Tyrone is tragicallykilled in a road accident. The superannuation fund permits death benefits to be paid as a lump sum or asan income stream. Provide your advice to Natasha about the advantages and disadvantages of her takinga lump sum compared to an income stream and the taxation consequences of each option

Nadine, a 20 year- old student, with one child and no partner,  lives at home to receive help for child care. Her parents' income is $65,000 a year. She earns $600 a fortnight in a casual job and her income bank balance is $0. Her allowance is calculated in the following way: ___________________________. A.= 389.40 -  [ 47.50 +0.60 x (600 -575) ]B.= 389.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]C.= 720.40 - [ 47.50 +0.60 x (600 -575) ] - 0.20 x [ (65,000 -58,108)/26 ]D.= 389.40 -  [0.50 x (600 -480) ]E.= 720.40 -  [0.50 x (600 -480) ]F.= 720.40 - [ 47.50 +0.60 x (600 -575) ]