Question
From the following information determine the members of the group for pay-roll tax purposes. You may assume that ownership is control. The Court Nadal 40%
From the following information determine the members of the group for pay-roll tax purposes. You may assume that ownership is control.
The Court
Nadal 40%
Federer 35%
Djokovic 20%
Murray 5%
Seats Here
Nadal 30%
Barty 20%
Stosur 50%
Cushion Hire
Nadal 50%
Federer 50%
Players Performing
Murray 70%
Barty 25%
Williams 5%
Players Training
Murray 40%
Barty 20%
Stosur 40%
Racquets
Murray 100%
Part B (10 marks)
Wimbledon Pty Ltd makes the following payments during the current year. Determine which payments are taxable wages and the amount which should be included in taxable wages.
Type of payment | Amount $ |
Salaries to all staff | 5,800,000 |
Bonuses to staff | 350,000 |
Wages to apprentices | 68,000 |
Health insurance paid for senior staff | 92,400 |
Car provided to Managing Director. It cost $98,320 and was made available on 1 April 2021. No log book was maintained. Fuel and insurance, etc. was also paid by the Wimbledon Pty Ltd | $21,200 |
Part C (5 marks)
Tennis Champs Pty Ltd has a payroll of $5,430,000.
Calculate the amount of Pay-roll tax payable.
Step by Step Solution
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