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Question 1 Richard Gray presented a resignation letter to his manager on 2 June 2019. Information extracted from his employment contract states that he started

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Question 1 Richard Gray presented a resignation letter to his manager on 2 June 2019. Information extracted from his employment contract states that he started working for Little Pear Administration Pty Ltd on 13 August 2002 and he is entitled to four weeks annual leave per year. His last day will be on 30 June 2019. After talking to Richard's manager, you find out the following information: 2018-19 taxable income is $83,400.00 The annual leave balance is 6 weeks No long service leave has been taken (NSW LSL legislation is applicable] He will receive an ETP in the form of gratuity of $147,900. Little Pear ensures that its payroll policies and procedures for the organisation meet all relevant legislative requirements. a) Prepare the information to process the employment termination payment, by filling in the tables below (show your workings). Ensure compliance and termination procedures are being followed WORKINGS ANSWER Unused Annual Leave Unused LSL Superannuateon (for year) Applying the ETP caps. WORKINGS ANSWER Whole-of-income cap CTP cap Withholding amounts: WORKINGS ANSWER Concessional tea Non-concessional tax

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