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This is the whole quetion.. what else information I should give please let me know. Thanks Richard Gray presented his resignation letter to his manager

This is the whole quetion.. what else information I should give please let me know.

Thanks

Richard Gray presented his resignation letter to his manager on 11 June 2018. Information extracted from his employment contract states that he started working for Debt Administration Pty Ltd on 13 August 2001 and he is entitled to four weeks annual leave per year. His last day will be on 6 July 2018.

After talking to Richards Manager you find out the following:

  • His 2018-19 taxable income is $88,400.00
  • His annual leave balance is 6 weeks
  • No long service leave has been taken (NSW LSL legislations applicable)

He will receive an ETP in the form of gratuity of $147,900.

  1. Prepare the information to process the employment termination payment, by filling in the tables below. Ensure compliance and termination procedures are being followed. (Please show all your working)

Unused Annual Leave

$

Unused LSL

$

Superannuation

$

Applying the ETP caps:

Whole-of-income cap

ETP cap

Withholding amounts:

Concessional tax

Non-concessional tax

  1. Does Richard have to give his employers notice? If so, how long?

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