Question
Establish and maintain payroll systems in Australia The Payroll System Payroll Calculations Michelle earns $1,190 per week. She claims the tax-free threshold, has provided her
Establish and maintain payroll systems in Australia
The Payroll System
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, Leave loading of 17.5% on this amount is $208.25.
Michelle's gross annual leave holiday pay and leave loading for one week:
$1,190.00 + $208.25 = $1,398.25
| HELP/SSL/TSL weekly tax table 2018-2019 | ||
| Weekly earnings 1 $ | Tax-free threshold weekly component 2 $ | No taxNo tax-free threshold weekly component 3 $ |
| 1,398.00 | 70.00 | 91.00 |
1. Using the Tax Tables provided, how much PAYG tax is withheld on one week of annual leave? Please record the Financial Year of the Tax Tables provided:
Specify financial year of Tax Tables: | 2018-2019 |
PAYG Tax withheld: |
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
