3.4. You are working as a Payroll officer for XYZ Company. You are required to identify and reconcile amounts PAYG withheld from salaries and wages for accounting period using worksheet below: Employee with various tax rates and the total salary including bonus is $450,000 for the quarter, based on payroll records and appropriate calculation of tax withheld from payments is $171,000. You have some contractors that are newly established and don't have an ABN, their Invoices amount to $50,000 in total. (Guide: Calculate W1, W2, W3 W4, and W5 and transfer the amount to the PAYG Tax withheld form) Worksheet Total salary, wages and other payments Amount withheld from payments shown at W1 W1 $ W2 $ W4 $ Amount withheld where no ABN is quoted Other amounts withheld(excluding any amount shown at W2 or W4 W3 $ Total amount withheld (W2+W4+W3) W5 $ PAYG tax withheld Total salary, wages and other payments W1 $ .00 Amount withheld from payments shown at W1 W2 $ .00 Amount withheld where no ABN is quoted W4 $ .00 Other amounts withheld (excluding any amount shown at W2 or W4) W3 $ .00 Total amounts withheld (W2 + W4 + W3) W5 $ .00 Write the W5 amount at 4 in the Summary section below 3.4. You are working as a Payroll officer for XYZ Company. You are required to identify and reconcile amounts PAYG withheld from salaries and wages for accounting period using worksheet below: Employee with various tax rates and the total salary including bonus is $450,000 for the quarter, based on payroll records and appropriate calculation of tax withheld from payments is $171,000. You have some contractors that are newly established and don't have an ABN, their Invoices amount to $50,000 in total. (Guide: Calculate W1, W2, W3 W4, and W5 and transfer the amount to the PAYG Tax withheld form) Worksheet Total salary, wages and other payments Amount withheld from payments shown at W1 W1 $ W2 $ W4 $ Amount withheld where no ABN is quoted Other amounts withheld(excluding any amount shown at W2 or W4 W3 $ Total amount withheld (W2+W4+W3) W5 $ PAYG tax withheld Total salary, wages and other payments W1 $ .00 Amount withheld from payments shown at W1 W2 $ .00 Amount withheld where no ABN is quoted W4 $ .00 Other amounts withheld (excluding any amount shown at W2 or W4) W3 $ .00 Total amounts withheld (W2 + W4 + W3) W5 $ .00 Write the W5 amount at 4 in the Summary section below