complete business activity and instalement activity, i do qustion 1 just need answer for qustion 2(11.2) please? PR Task 11 Irene Abbott operates a small business as a sole trader selling jewellery, and receives investment income, but is not registered for GST. She is required to pay PAYG Withholding quarterly and PAYG Instalments and uses Option 2. During the September quarter Irene paid wages of $2000 (net of $500 PAYG withheld) and paid a subcontractor $3650, from which $730 was withheld. Details of Cash Receipts for the September quarter were as follows: $ Trading income 17650 Rental income 2200 Sales of shares 4500 Dividend income 3450 PAYG Instalment rate notified by ATO 19.6% Irene has had a downturn in her business due to other competition and wishes to amend her PAYG Instalment amount. She now expects her annual PAYG instalment income to be $67,000 and her annual PAYG income tax to be $8,700. Irene has also been having cash flow problems and is concerned about her ability to pay her BAS obligations on time. Currently she pays the ATO through the mail. Required: 11.1 From the ATO website, select and print the appropriate IAS and complete Irene's IAS for the September quarter according to current statutory, legislative, regulatory and organisational requirements, including due dates The completed IAS form must have answers printed clearly using a black pen and you should sign and date using the due date for lodgement 11.2 Write a short memo to Irene, offering at least three (3) suggestions as to how she might ensure she has sufficient funds to pay the amount due on her IAS and to adhere to ATO requirements 11.1 Calculations: T1 => . 41970110 Instalment activity statement 999 When completing this form Ford print clearly using a black pen show whole dollars only do not show cents) reporting a zero amount, print 'O' (do not use NL) leave boxos blank not applicable do not USO NA NIL) do not use symbols such as .-.IS Contact phone PAYG Income tax Instalment Contact person who como Complete Option 1 OR 2 indicate one choice with an X) PAYG tax withheld Option 1: Pay a PAYG instalment amount quarterly 4420 T7 $ TW15 14420 Write the T7 amount at 5A in the Summary section over the page OR if varying this amount, complete TB, TO and 14 Amount when w25 300 Bated to the TBS Do parts shown Amouthed where W4 5 bd T9 $ TO ANG Dd Write the T9 amount at SA in the Summary section over the page Others had and then complete the other sections excluding any amount W3 $ shown 2 we Rode for at T4 OR Total amounts held 2. W. WSS 1 230 X Option 2. Calculate PAYG Instalment using income times rato Write the W5 amount at 4 in the Summary section over the page and then complete the other sections PAYGrand income T1 $ 278000 T2 19.60 OR New variedade T3 1300 13 T1 T2 for T3 T11 S 367NTZ#3614 Write the T11 amount of SA in the Summary section over the page and then complete the other sections Reason code for variation T4 Methods of payment BPAY: contact your financial institution to make this Mail payments: mall the payment slip together with your choice or B payment from your choque or savings account Quote biller code 75556 and your EFT code (shown money order using the envelope provided. Please do not usons or PAY on the front of the payment slip as the customer staplos. Do not send cash. See below for chaque information reference number Post office: payments can be made at any post office by cash Direct credit: you can electronically transfer funds to the cheque or EFT POS (where available and subject to dalyA $3.000 imit applies to cash payments. Your payments must be Tax Office's direct credit bank accounting online banking presented with your payment facilities. Use BSB 093 003, Account number 316 385 and your EFT code. Phone 1800 815 886 for assistance if required. Cheques money orders should be for amounts in Australian dollars Direct debit: have your payment deducted from your financial institution account not credit cards). Phone 1800 802 308 for and payable to Deputy Commissioner of Taxation. Cheques should be crossed "Not Negotiable. Payments cannot be made by credit a direct debit request form and/or details card, or in person at any Tax Office branch or shopfront Fringe benefits tax (FBT) instalment F1 Write the amount in the Summary section below OR I varying this amount, complete F2, F3, F4 for the F2 S od V Tr Per F3S DC Write the F3 amount at 6A in the Summary section below Roncade foron 4 999 Amounts the Tax Office owes you Summary Amounts you owe the Tax Office PAYS witheld 4 III|230 5A $ 3.61Z 26lt anh tra tan tax instimentation 5B S X FBT intent AS Credit from FT 6B Instientation Dured company and 7 $ Dd 4+ 5++7 BA sul 61623421 4844 Payment or refund? Is 8A more than 8B? 58888 Dd 484 Yes, then write the result of BA minus 88 at 9. This amount is Your payment or refund amount payable to the Tax Office 9 S 216232 No then write the result of 88 BAD. This amount is refundable to you for gain any other do you have O Do not use symbols such as +, -4.5 HRS Declaration Ideere that the information given on is form is true and correct and that Return this completed form to Tam authorised to make this declaration Signature Date Activity Statement instructions are available from www.topowa berdered by phoning 13 28 66. The Taxe is authorised by the tax law to collect this information administer those laws and may pass information to other povernment agencies. More information about privacy and access to your tax information is betron www.ato.gov.au complete business activity and instalement activity, i do qustion 1 just need answer for qustion 2(11.2) please? PR Task 11 Irene Abbott operates a small business as a sole trader selling jewellery, and receives investment income, but is not registered for GST. She is required to pay PAYG Withholding quarterly and PAYG Instalments and uses Option 2. During the September quarter Irene paid wages of $2000 (net of $500 PAYG withheld) and paid a subcontractor $3650, from which $730 was withheld. Details of Cash Receipts for the September quarter were as follows: $ Trading income 17650 Rental income 2200 Sales of shares 4500 Dividend income 3450 PAYG Instalment rate notified by ATO 19.6% Irene has had a downturn in her business due to other competition and wishes to amend her PAYG Instalment amount. She now expects her annual PAYG instalment income to be $67,000 and her annual PAYG income tax to be $8,700. Irene has also been having cash flow problems and is concerned about her ability to pay her BAS obligations on time. Currently she pays the ATO through the mail. Required: 11.1 From the ATO website, select and print the appropriate IAS and complete Irene's IAS for the September quarter according to current statutory, legislative, regulatory and organisational requirements, including due dates The completed IAS form must have answers printed clearly using a black pen and you should sign and date using the due date for lodgement 11.2 Write a short memo to Irene, offering at least three (3) suggestions as to how she might ensure she has sufficient funds to pay the amount due on her IAS and to adhere to ATO requirements 11.1 Calculations: T1 => . 41970110 Instalment activity statement 999 When completing this form Ford print clearly using a black pen show whole dollars only do not show cents) reporting a zero amount, print 'O' (do not use NL) leave boxos blank not applicable do not USO NA NIL) do not use symbols such as .-.IS Contact phone PAYG Income tax Instalment Contact person who como Complete Option 1 OR 2 indicate one choice with an X) PAYG tax withheld Option 1: Pay a PAYG instalment amount quarterly 4420 T7 $ TW15 14420 Write the T7 amount at 5A in the Summary section over the page OR if varying this amount, complete TB, TO and 14 Amount when w25 300 Bated to the TBS Do parts shown Amouthed where W4 5 bd T9 $ TO ANG Dd Write the T9 amount at SA in the Summary section over the page Others had and then complete the other sections excluding any amount W3 $ shown 2 we Rode for at T4 OR Total amounts held 2. W. WSS 1 230 X Option 2. Calculate PAYG Instalment using income times rato Write the W5 amount at 4 in the Summary section over the page and then complete the other sections PAYGrand income T1 $ 278000 T2 19.60 OR New variedade T3 1300 13 T1 T2 for T3 T11 S 367NTZ#3614 Write the T11 amount of SA in the Summary section over the page and then complete the other sections Reason code for variation T4 Methods of payment BPAY: contact your financial institution to make this Mail payments: mall the payment slip together with your choice or B payment from your choque or savings account Quote biller code 75556 and your EFT code (shown money order using the envelope provided. Please do not usons or PAY on the front of the payment slip as the customer staplos. Do not send cash. See below for chaque information reference number Post office: payments can be made at any post office by cash Direct credit: you can electronically transfer funds to the cheque or EFT POS (where available and subject to dalyA $3.000 imit applies to cash payments. Your payments must be Tax Office's direct credit bank accounting online banking presented with your payment facilities. Use BSB 093 003, Account number 316 385 and your EFT code. Phone 1800 815 886 for assistance if required. Cheques money orders should be for amounts in Australian dollars Direct debit: have your payment deducted from your financial institution account not credit cards). Phone 1800 802 308 for and payable to Deputy Commissioner of Taxation. Cheques should be crossed "Not Negotiable. Payments cannot be made by credit a direct debit request form and/or details card, or in person at any Tax Office branch or shopfront Fringe benefits tax (FBT) instalment F1 Write the amount in the Summary section below OR I varying this amount, complete F2, F3, F4 for the F2 S od V Tr Per F3S DC Write the F3 amount at 6A in the Summary section below Roncade foron 4 999 Amounts the Tax Office owes you Summary Amounts you owe the Tax Office PAYS witheld 4 III|230 5A $ 3.61Z 26lt anh tra tan tax instimentation 5B S X FBT intent AS Credit from FT 6B Instientation Dured company and 7 $ Dd 4+ 5++7 BA sul 61623421 4844 Payment or refund? Is 8A more than 8B? 58888 Dd 484 Yes, then write the result of BA minus 88 at 9. This amount is Your payment or refund amount payable to the Tax Office 9 S 216232 No then write the result of 88 BAD. This amount is refundable to you for gain any other do you have O Do not use symbols such as +, -4.5 HRS Declaration Ideere that the information given on is form is true and correct and that Return this completed form to Tam authorised to make this declaration Signature Date Activity Statement instructions are available from www.topowa berdered by phoning 13 28 66. The Taxe is authorised by the tax law to collect this information administer those laws and may pass information to other povernment agencies. More information about privacy and access to your tax information is betron www.ato.gov.au