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

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.

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