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You are required to manually calculate the wages for Aaron for the week ending 22 July 2022 based on the information provided below. A template
You are required to manually calculate the wages for Aaron for the week ending 22 July 2022 based on the information provided below. A template is provided for recording the calculations.
- Aaron's hourly rate is $45 per hour and he is paid overtime at time and a half for hours in excess of 38 hours each week
- He claims the tax free threshold for this job and PAYG is to be deducted in accordance with ATO requirements
- Aaron has a salary sacrifice agreement with his employer and sacrifices $80 per week to superannuation. As part of this agreement Superannuation Guarantee payments are paid on ordinary time earnings prior to salary sacrifice.
- Aaron is paid a car allowance at the standard ATO rate of 72 cents per kilometre
For the week ended 22nd July 2022 Aaron worked a total of 42 hours and travelled 35 kilometres for work in his car. Complete the pay calculations for the week in the table below. Ensure that your calculations for PAYG withholding and superannuation guarantee comply with applicable rates and legislative requirements.
Employee: AARON | |
Week Ended: 22 July 2022 | |
Wages: | |
Normal Hours: 38 hours @ $ 45.00 | |
Overtime: 4 Hours @ $ 67.50 | |
Car Allowance: 35 km x 72c/km | |
Total wages | |
Less Salary Sacrifice Superannuation | $ |
Less PAYG Withholding (Calculated on $ ) | |
Net Pay | |
Superannuation: | |
Superannuation Guarantee (Calculated on $ 1735) | |
Salary Sacrifice | |
Total Superannuation |
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