Question
Establish and maintain payroll systems Australia Madeline is taking 4 weeks annual leave and has requested that she be paid in advance. She is entitled
Establish and maintain payroll systems Australia
Madeline is taking 4 weeks annual leave and has requested that she be paid in advance. She is entitled to 4 weeks annual leave with 17.5% leave loading. Madeline's weekly wage is $755.00. She has supplied her tax file number and claims with the tax-free threshold as well as $500.00 in tax offsets.
Required:
Using the excerpts of the Tax Tables and Tax Offsets reckoner (provided below), calculate Madeline's net annual leave wages payable for this pay.
Weekly tax tables (excerpt):
Madeline's net annual leave pay:
For only 1 week:
1 week annual leave payment, including 17.5% Leave Loading.Your answer should be in the format: $xx.xx (dollar and cents).
1 week annual leave payment, including 17.5% Leave Loading | $ | Answer for part 1 |
PAYG on this 1 week payment (using Tax Tables provided) | $ | Answer for part 2 |
Claim for Tax Offset | $ | Answer for part 3 |
Net PAYG to be withheld | $ | Answer for part 4 |
Please calculate her net weekly annual leave pay | $ | Answer for part 5 |
Madeline's net annual leave pay over the 4 week period? | $ | Answer for part 6 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started