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.

Answer rating: 100% (QA)

To complete the Instalment Activity Statement using the provided information we need to calculate th... View the full answer