From the following payroll information, complete the relevant BAS items for Fancy Meats. Johnny Stephens Gross wages
Question:
From the following payroll information, complete the relevant BAS items for Fancy Meats.
Johnny Stephens | Gross wages | $3600 | PAYG withheld | $765 |
Mckenzie Mansour | Gross wages | $4700 | PAYG withheld | $1125 |
Taylor Vaughan | Gross wages | $9600 | PAYG withheld | $2340 |
Nicole Roberts (meat supplier), no ABN provided.
Invoice total = $1500
ABN withholding tax = $735 (please assume this withholding amount is correct).
Amount paid to Roberts = $765
Charlie Maher invoice for services provided $8900. Voluntary withholding tax was withheld by Fancy Meats at 20% of the invoiced amount.
PAYG tax withheld | |||
Total salary, wages and other payments | W1 | $ |
|
Amounts withheld from payments shown at W1 | W2 | $ |
|
Amounts withheld where no ABN is quoted | W4 | $ |
|
Other amounts withheld (excluding any amount shown at W2 or W4 | W3 | $ |
|
Total amounts withheld (W2+W4+W3) | W5 | $ |
|
PAYG tax withheld |
| $ |
|
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso