Question: Explain the periodic deductions process within designated timelines and identify who are the nominated creditors. Describe how you would calculate and transcribe group tax amounts

Explain the periodic deductions process within designated timelines and identify who are the nominated creditors.

Describe how you would calculate and transcribe group tax amounts and make payments in accordance with taxation procedures.Ensure you provide an explanation on how to calculate PAYG withholding; the weekly tax table, and how to calculate tax offsets, FBT, HELP debt tax and financial supplement debt tax.

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