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No Salary Sacrifice Salary Sacrifice Package Value ...

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Question

Accounting

No Salary Sacrifice

Salary Sacrifice

Package Value

Value of Benefits Provided

-

49700

FBT Payable by Employer

-

22806

= Salary Sacrifice Amount

-

72506

Package Value less Sal. Sac. Amount

= Assessable Income

150000

77494

less Income Tax Payable

42997

16732

less Medicare Payable

3000

1550

less Tax Offsets

1080

= After tax pay

104003

58131

Is this agreement beneficial to the employee? Why?

Answer & Explanation Solved by verified expert
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