Ms. Rachel Davidenko is a 42 year-old self-employed hairdresser and operates a business called Short Cutz at the local shopping centre. She has sought your advice prior to the end of the 2015 financial year as to how she can reduce her tax payable via maximising superannuation contributions given that her accountant has advised that her net business income for the 2015 financial year will be $100,000. Rachel has no other assessable income or tax deductible amounts in the 2015 year.
a) What is Rachel's maximum tax-deductible superannuation limit in the 2015 financial year?
b) Suppose Rachel plans to contribute $35,000 to her superannuation fund by the end of June 2015. Explain the effect on her tax situation.

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The Answer of Ms. Rachel Davidenko is a 42 year-old self-employed hairdresser and operates a business called Short Cutz at the local shopping centre. She has sought your advice prior to the end of the 2015 financial year as to how she can reduce her tax payable via maximising superannuation contributions given that her accountant has advised that her net business income for the 2015 financial year will be $100,000. Rachel has no other assessable income or tax deductible amounts in the 2015 year.
a) What is Rachel's maximum tax-deductible superannuation limit in the 2015 financial year?
b) Suppose Rachel plans to contribute $35,000 to her superannuation fund by the end of June 2015. Explain the effect on her tax situation.

Ms Rachel Davidenko Is a 42 Year-Old Self-Employed Hairdresser and Operates