1 . . . I . . . . . ' I . . . 1 . . . I . . . 2 . . . 1 . . . 3 . . . 1 . . . 4 . . . 1 . . . 5 . . . 1 . . .6 . . . Question 3 After recording and updating the changes in KeyPay, write to the payroll manager confirming Donald's completed salary packaging application form and attached documents contain the the changes that have been made. Explain the polices and procedures that have been following information: followed according to Little Pears guidelines, include details of the regulations that have been Type of Benefit Details adhered to. (Tip, think Fringe Benefits Tax) Mobile Phone The cost is $1, 499 net of GST* Gym Membership Full year membership at a fortnightly cost of $55 inc GST** LITTLE PEAR CONFIDENTIAL LETTER Company Car Payroll department determine costs: $6,200 Superannuateon Contributions Amount to be contributed to meet the one year concessional Date: contribution cap: $9,100 * GST is payable by the employer, who could claim GST credits on this expense. To: ** Personal Expense payment not otherwise deductable. From: Subject: Donald Dolores has also submitted a Superannuateon Standard Choice Form, requesting his super fund be changed to: ING Living Super USI 13 355 603 448 001 FNSPAY5018502 GoTate210324-4 Member Number 0058693 assessment ABN: 6609969020 Period Starting 1/04/2024 Question 2 DRAFT Period Ending: 7/04/2024 Date Paid 8/04/2024 Help Donald to compare the two options by completing the table below. Employee Id: 1282691 No Salary Sacrifice Salary Sacrifice Base Pay Rate: $160,000.00 Per Annum Hours Paid: Donald Dolores Salary Sacrifice Amount 26,388.37 Gross Earnings: $3,076.92 18 Carlisle Street Net Payment: $2, 163.02 ST KILDA VIC 3182 Super Payments $338.46 Super Contribution 15,200 25,000 Gross Salary 160,000 133,611.63 Pay Slip Components Hours/Units Rate This Pay Year To Date Wages and Earnings Benefit Value 18,929 Permanent Ordinary Hours 38.00 $80.9 $3,076.02 $3,076.02 Noter FINSPAY5018509 2 Ass ent FASPAY5018500 Go Tafe210924-4 Arralyn Cleaner (35 hours) FBT 7,459.37 $3,076.02 $3,076.02 Taxes Total Employment Cost 175,200 175,200 PAYG $913.00 $913.00 $913.00 $913.00 Taxable Income 160,000 133,612 Superannuateon Breakdown $338.46 $338.46 Income Tax Payable 46,697 36,933 $338.40 $338.46 dicare payable 3,200 2,672 Leave Details After Tax Pay 110,103 94,007 Which of the options is most beneficial to Donald? Explain your answer. ords Accessibility: Investigate4 Peter Hanson works in a service company in Victoria. Peter is paid weekly. His employment is covered by an Enterprise Agreement. The following is extracted from the Agreement: His standard pay is $1,711.54 for a 38 hour week. Travel time allowance is paid at 50% of Peter's hourly standard rate, for el Peter is paid $0.95 per km for using his own car for work related travel. He is also paid $6.17 per day as the company first-aid officer. Peter's employment contract includes a salary packaging term: Peter is to sacrifice $250.00 gross wages per week and in return the company pays for his education. This education is work related. For the week ending 07/04,/2024, Peter worked for 38 nermal hours (5 days) and travelled 300km for work in his own car. His eligible travel time was 4 hours. Assessment Task Assessor Tick if Satisfactory (Provide comment if incorrect) Question 1 Calculate the value of allowances to be included in Peter's pay run for the week. Allowance Amount ($) 'Workings out Travel time allowance Car allowance First-aid officer allowance Total Allowances Question 2 For the payments in Question 1, determine the following: Item Amount ($) Working out Amounts that are subject to PAYGW Amounts that form part of ordinary times earnings \\prov incol Question 3 Based on the information above, process a weekly pay run for Peter (Peter only} in KgyPay. The pay date for this pay run is 08/04/2024 Your payryn should include ordinary hour wages, the above allowances and deduction for salary packaging. Save the Payslip as a PDF and submit with the completed assessment. Question 4 The Enterprise Agreement Peter is employed under has been renegotiated. Under the new agreement the first aid officer allowance is $7.00 per day. Please revise Peters payroll details to reflect the change. Take a screenshot and submit with the completed assessment. Question 5 Using Single Touch Payroll (STP) reconcile and finalise the payroll at the end of the financial year. For any steps you are unable to complete due to using a student version of KeyPay please provide a commentary on the steps you would take if you were able to. Take a screenshot and submit with the completed assessment Case Study 4 Samson Worth, a part-time middle management worker, wants to start a Salary Sacrifice Package with Little Pear, starting on 1 April 2024. Employment Contract (Extract): Date of commencement 18/10/2010 Gross salary per annum $101,000 The gross salary is the eamings base used to calculate the compulsory 11.5% superannuation contributions paid by Little Pear Administration Pty Ltd. Salary Sacrifice Agreement: Novated Lease Agreement Refer to the novation agreement. Expense Payment Benefit Mortgage repayments of $10,000 p.a. en private home Purchased Leave Benefit Refer to the purchased leave agreement Exempt Fringe Benefits Laptop valued at 55,000 net of GST (Primarily business use; GST is payable by the employer and can claim GST credits on this expense) Other Salary Package Amounts Additional superannuation contributions up to the concessienal cap amount. Samsen is eligible for overtime meal allowance each day, at a rate of $40 per day. (This is not an Award overtime meal allowance) NOVATION AGREEMENT This NOVATION AGREEMENT is made on 31/March/2024 BETWEEN the \"Financier\Assessment Task Assessor Tick if Satisfactory [Provide comment if incorrect) and agreed to the terms and conditions of this Arrangement that are set out in the Little Pear's Purchased Leave Policy and Guidelines. By signing this form, | agree to consent to recovery of any overpayment of salary or adjustment to leave entitlements and allowances if required. | understand that my participation in the Arrangement will commence from the earliest practicable pay period after this form is approved and submitted to the payroll area. I understand that the arrangement end date will be 31 March 2025 Applicant's Name: Samson Worth Date: 31/03/2024 Delegated Authority Approval W Approved [ Not Approved Name: Herman Reno Title: Human Resources Manager Signature: o3, . ... Date: 31/03/2024 Purchased Leave Commencement Date: 01/04/2024 Question 1 Complete the table below to find out the F8T and total salary sacrificed amounts applicable to Samson's salary packaging arrangement Type of benefit Benefit Taxable Gross up Grossed up FBT 47% value Value for rate value (if FBT (if applicable) applicable) Novated Lease Mortgage Expense Laptop Superannuation contributions Purchased Leave Total Question 2 Based on the information above, process a weekly pay run for Samson (Samson only) in KeyBay, The pay date for this pay run is 08/04/2024 Assessment Task Your gayrup should include ordinary hour wages, the above allowance and deductions for salary packaging Save the Payslip as a PDF and submit with the completed assessment Assessor Tick if Satisfactory (Provide comment if incorreet)