Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Payroll With the business getting busier post-pandemic, the management need to add extra classes to accommodate more clients. An additional trainer was employed and enrolled

Payroll With the business getting busier post-pandemic, the management need to add extra classes to accommodate more clients. An additional trainer was employed and enrolled by the payroll team into the payroll system. It was determined that the new staff earn gross salaries of $4,000 per fortnight. However, there are some related deductions and on-costs (per fortnight):

1. PAYG withholding;

2. Employer superannuation payment;

3. Payroll tax of 4.25%;

4. WorkCover of 2%;

5. Employee contribution to supera

Record

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting For Beginners

Authors: Nicholas Apostolides

1st Edition

0815351224, 978-0815351221

More Books

Students also viewed these Accounting questions