3 Questions
What is the definition of salary packaging?
Salary packaging refers to a voluntary arrangement between an employer and an employee, where the employee chooses to receive part of their remuneration in the form of benefits, such as a car, health insurance, or additional superannuation contributions.
What are some common benefits included in salary packaging?
Some common benefits included in salary packaging are cars, health insurance, meal entertainment, and additional superannuation contributions.
What are the advantages of salary packaging for employees?
The advantages of salary packaging for employees include potential tax savings, increased take-home pay, access to goods and services at a discounted rate, and the ability to tailor their remuneration package to suit their individual needs.
Test your knowledge on salary packaging with this informative quiz! Learn about the definition of salary packaging, common benefits included, and the advantages it offers for employees.
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