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The following contributions are made to Jenny's superannuation fund throughout the year:
Superannuation Guarantee contributions of $8500
After-tax contributions of $55000
Salary Sacrifice contributions of $6500
Problem 1: What will be the total amount of contributions tax deducted by the super fund?
Select one:
a. $10500.00
b. $2250.00
c. $9525.00
d. $8250.00
the inventory account was debited for only $200 while accounts payable was credited for $2,000. During which phase of the accounting cycle would this error be first discovered?
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