Question
Establish and maintain payroll systems in Australia Payroll Calculations Michelle earns $1,190 per week. She claims the tax-free threshold, has provided her Tax File Number
Establish and maintain payroll systems in Australia
Payroll Calculations
Michelle earns $1,190 per week. She claims the tax-free threshold, has provided her Tax File Number and is entitled to holiday leave loading of 17.5%. She also claims tax offsets of $820 per annum. This pay period, Michelle will be paid a normal week's pay plus 2 weeks annual leave in advance.
Michelle earns per week is $1,190.00
The leave loading of 17.5% on this amount is $208.25.
Michelle's gross annual leave holiday pay for one week:
$1,190.00 + $208.25 = $1,398.25
1. Using the Tax Tables below, how much PAYG tax is withheld on one week of annual leave?
- Please record the Financial Year of the Tax Tables provided below
Specify financial year of Tax Tables: | |
PAYG Tax withheld: |
Based on Web: https://lnonline.s3.amazonaws.com/tax-tables/2018-2019/weekly-tax-table-2018-19.pdf
Weekly Tax is on https://lnonline.s3.amazonaws.com/tax-tables/2018-2019/HELP-SSL-TSL-weekly-tax-table-2018-19.pdf
Ready reckoner for tax offsets is $15.00
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