Question
Gross Salary and Wages During the entire 2023 income year, Olivia worked solely for Grant & Associates. Olivia was provided with her annual PAYG Payment
Gross Salary and Wages During the entire 2023 income year, Olivia worked solely for Grant & Associates. Olivia was provided with her annual PAYG Payment Summary from her employer in relation to the period 1 July 2022 to 30 June 2023. Her 2023 PAYG Payment Summary revealed the following: Name of Payer: Grant & Associates ABN of Withholder: 45 328 520 939 Gross Salary: $230,250 PAYG Tax Withheld: $97,100 Reportable Fringe Benefits Amount: $15,200 Reportable Employer Superannuation Contributions: $14,565 The reportable fringe benefit amount of $15,200 shown on Olivia's 2023 PAYG Payment Summary relates to an arrangement that Olivia has in place with Grant & Associates. As a part of her salary package Grant & Associates pays for several personal expenses on her behalf. These expenses were all subject to fringe benefits tax
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