Question: i didnt get the right answer 23 april 2020 the...
i didnt get the right answer:
23 April 2020 the taxpayer received a lump sum benefits from her complying superannuation fund. The benefit is for $500,000, made up of a $190,000 tax free component and $310,000 taxable component paid from an element taxed in the fund. The taxpayer was born on 1 September 1943. Based on this information what amount will the taxpayer bring to account as assessable income?