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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
Please explain in detail, but I know the answer is $33,000
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