Using the data below, calculate the PAYG withholding for each employee assuming all have provided taxation number
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Using the data below, calculate the PAYG withholding for each employee assuming all have provided taxation number declaration forms and claim the tax-free threshold. Then prepare the weekly payroll register of Y Rutherford for the week ended 25 March 2022. The employee superannuation contribution is calculated on ordinary gross pay.
From the cross-balanced payroll register prepare necessary accounting entries in general journal format using the clearing account method. Calculations are to be correct to two decimal places. Payroll is transferred electronically to employee financial institutions so disregard the requirement to round cents to either 5 or 0.
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Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
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