Question
Complete business activity and instalment activity statements in Australia From the following payroll information, complete the relevant BAS items for Fancy Meats. Johnny Stephens Gross
Complete business activity and instalment activity statements in Australia
From the following payroll information, complete the relevant BAS items for Fancy Meats.
Johnny Stephens | Gross wages | $3600 | PAYG withheld | $765 |
Mckenzie Mansour | Gross wages | $4700 | PAYG withheld | $1125 |
Taylor Vaughan | Gross wages | $9600 | PAYG withheld | $2340 |
Nicole Roberts (meat supplier), no ABN provided.
Invoice total = $1500
ABN withholding tax = $735(please assume this withholding amount is correct).
Amount paid to Roberts = $765
Charlie Maherinvoice for services provided $8900. Voluntary withholding tax was withheld by Fancy Meats at 20% of the invoiced amount. Please help with below answer:
PAYG tax withheld | |||
Total salary, wages and other payments | W1 | $ | Answer for part 1 |
Amounts withheld from payments shown at W1 | W2 | $ | Answer for part 2 |
Amounts withheld where no ABN is quoted | W4 | $ | Answer for part 3 |
Other amounts withheld (excluding any amount shown at W2 or W4 | W3 | $ | Answer for part 4 |
Total amounts withheld (W2+W4+W3) | W5 | $ | |
PAYG tax withheld | $ | Answer for part 5
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