The Trust income for the Dec $2023$ quarter is below:

Residential rental income $ $6420$

Capital gain on sale of equipment $ $5000$

Interest on cash invested $ $2489$

Commercial rental income $$12000$

The Trust paid Fringe Benefits Tax totalling $$24,000$ in the previous financial year and has therefore been advised that the quarterly instalments will be $$6000.$ The Trust estimates that this liability will decrease to $$18,000$ this financial year and therefore wish to vary the FBT Instalment.

The business employs staff and paid the following wages in the March quarter:

total gross wages paid to employees $$13000$

PAYG Withholding deducted from gross wages $$3200$

$*$Calculate the varied FBT Instalment payable.

$*$Calculate figures to be reported in the PAYG Withholding section of the Activity Statement

Total Salary, Wages and other payments W$1$

Amount withheld from payments shown at W$1$ W$2$

Amount withheld where no ABN is quoted W$4-$

Other amounts withheld $($Excl amounts W$2$ & W$4)$ W$3-$

Total amounts withheld $($W$2+$ W$4+$ W$3)$ W$5-$