Calculate the tax payable by aurelia and dianna in the event

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Joe has recently passed away and had completed a valid binding death benefit nomination that split his superannuation balance evenly between his wife, Aurelia and their child Dianna. Dianna is aged 24 and is considered financially independent from Joe. Joe's superannuation balance at the date of his death was $220,000 of which 10% was a tax-free component.

Problem 1: Based on this information, calculate the tax payable by Aurelia and Dianna in the event they were each to receive a lump sum superannuation death benefit of $110,000.

Reference no: EM132908802

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