Complete the Instalment Activity Statement using the following information: An invoice totalling $5,505 did not have an
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Question:
Complete the Instalment Activity Statement using the following information:
- An invoice totalling $5,505 did not have an ABN so the business withheld the mandatory amount from the payment to the supplier.
- From the payroll report the gross salary and wages for the quarter was $120,000
- PAYG withholding tax from the gross wages was $24,515
- Amount withheld from $5,000 interest paid to a non-resident.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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