What is the minimum redundancy pay is entitled to

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Reference no: EM132763238

Julie Phillips is the Debt Administration Pty Ltd Managing Director. She has been in the company for 8 years, but her position is no longer needed due to a recent outsourcing strategy. She accepts the redundancy termination and is paid $200,000.

The genuine redundancy part of her payment is $300 per week worked for the company. Her other taxable income in 2018-19 is $125,000.

Problem a) Work out Julie's redundancy payment including the tax-free, taxable component and tax withheld.

Problem b) Name two legal requirements regarding this redundancy termination process. Give the source of information in your answer.

Problem c) If Julie's weekly pay is $2,000, what is the minimum redundancy pay she is entitled to?

Reference no: EM132763238

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