Dynamite Pty Ltd paid annual gross wages of $1,320,000. The monthly gross wagesand amounts of payroll tax
Question:
Dynamite Pty Ltd paid annual gross wages of $1,320,000. The monthly gross wagesand amounts of payroll tax paid, not including fringe benefits, were as follows: Gross WagesGross Wages
July$ 80,000
August$ 80,000
September$ 90,000
October$ 92,000
November$ 95,000
December$ 97,000
January$ 133,000
February$ 140,000
March$ 125,000
April$ 127,000
May$ 133,000
June$ 128,000
Total $1,320,000
Dynamite Pty Ltd paid no interstate wages for the year. It operated for the full year and the company was not part of any group during the tax year. As at 31st May, Dynamite Pty Ltd had paid $35,700 in payroll taxes. Complete an annual reconciliation to calculate the amount of the final monthly payment/refund for June
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young