Question
A 45-year-old worker who has been employed for seven years is made redundant. The workers ETP is made up of: redundancy pay $48,200.00 unused sick
A 45-year-old worker who has been employed for seven years is made redundant. The workers ETP is made up of:
- redundancy pay $48,200.00
- unused sick leave $3,250.80
- payment in lieu of notice $936.72
- unused annual leave $1,250.96
- unused long service leave $12,725.63
- gratuity $15,000.00
The worker has received $72,000 in other taxable payments during the income year. What are the withholding rates for each component of the ETP?
| Component | Component subject to PAYG withholding | Rate of withholding | Cap to apply |
|---|---|---|---|
and Calculate the withholding amount. Please provided a detail calculation to understand the work done . Please make sure it based on Australia
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Data Analytics For Accounting
Authors: Vernon Richardson
3rd Edition
1264444907, 9781264444908
