Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have received feedback from Sandy that other employees are concerned about the rate of superannuation being paid into their funds. She has asked you

You have received feedback from Sandy that other employees are concerned about the rate of superannuation being paid into their funds. She has asked you to please double check that the business is meeting its statutory requirements. 2.4 Answer the following questions in relation to whether Little Pear Juice Co is meeting its statutory requirements. a. What is the current rate of superannuation required to be paid to ensure compliance with The Superannuation Guarantee Act 1992? b. Provide a link to an online tool or calculator could you use to double check the accuracy of superannuation contributions being paid. c. Provide a screenshot of you checking the superannuation that would be payable for the following employee: Employee Name: Daniella Super fund name: Pickers industry fund Gross wage: $950 Overtime: $200 SG rate: use current rate applicable Sandy Pears, Managing Director of Little Pear Juice Co, gives you feedback that $90.25 is the superannuation contribution amount paid for Daniella. d. Is the contribution amount paid to Daniella different to the SG contribution amount from your screenshot? If yes, explain why it is different

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting principles and analysis

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

2nd Edition

471737933, 978-0471737933

More Books

Students also viewed these Accounting questions