Question
a) Blue is a resident accountant employed by Pippi Ltd. The following transactions were all because of Blues employment. For each of the transactions indicate
a) Blue is a resident accountant employed by Pippi Ltd. The following transactions were all because of Blues employment.
For each of the transactions indicate which amounts are to be included in Blues assessable income or not by typing the appropriate 'Yes' or 'No' option in the table provided.
[Answer here]
Net weekly wages totalled $45,000 for the year. |
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Reimbursement of out-of-pocket travel cost of $1,500 incurred during employment. |
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Total PAYG tax withheld from weekly wages from Pippi and forwarded to the ATO $15,000. |
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Superannuation contributed $9,500 to Pippi Super Fund on behalf of Blue. |
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