Ron retires on 30 June 2020. Ron received a Gross salary of $1,000 per week and his

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Question:

Ron retires on 30 June 2020. Ron received a Gross salary of $1,000 per week and his PAYG tax withheld was $183. Upon termination, you determine that he is due $5,200 in accrued annual leave.

ADDITIONAL INFORMATION:

Ron is not leaving because of genuine redundancy, invalidity, or under an early retirement scheme.
All leave was accrued after August 1993.
Ron has no unused long service leave owed to him.

REQUIRED:

Calculate the tax payable on the termination of employment using sheet ‘Task 1’ of the Excel template provided

You have been advised that Ron’s termination was actually due to an approved early retirement scheme. Calculate the tax payable on sheet ‘Task 1’ of the Excel template provided.

Posted Date: Sep 21, 2021 10:50 AM

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Ron retires on 30 June 2020. Ron received a Gross salary of $1,000 per week and his

Question:

Expert Answer:

Tax withheld for 1000 is 183 h... View the full answer

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