Question
Complete business activity and instalment activity statements in Australia Costa owns a horse training business called Giddy Up. He provides you with the following information
Complete business activity and instalment activity statements in Australia
Costa owns a horse training business called Giddy Up. He provides you with the following information from the September quarter. The business is not classified as a large withholder.
| Gross wages excluding superannuation at 9.5% | $ | 11,900.00 | |
| Wage payments to a labour hire organisation | $ | 1,500.00 | |
| Director fees | $ | 3,200.00 | |
| Motor vehicle allowance | $ | 960.00 | |
| PAYG tax withheld from gross wages | $ | 4,560.00 |
Required: complete W1, W2, W4, W3, W5 and 4 (Summary section) on the September quarter BAS.
| PAYG tax withheld | |||||
| Amounts you owe the Tax Office | |||||
| Total salary, wages and other payments | W1 | $ | |||
| Amounts withheld from payment shown at W1 | W2 | $ | |||
| Amounts withheld where no ABN is quoted | W4 | $ | - | ||
| Other amounts withheld (excluding any amount shown at W2 or W4) | W3 | $ | - | ||
| Total amounts withheld | W5 | $ | |||
| (W2 + W4 + W3) | |||||
| PAYG tax withheld | 4 | $ |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
