Jonathan Smith is an Australian resident and employed by House Pty Ltd as Electrician. The following transactions
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Jonathan Smith is an Australian resident and employed by House Pty Ltd as Electrician. The following transactions were all because of Jonathan’s employment.
1) Net fortnightly wages totalled $72,000 for 2021.
2) Total PAYG Tax withheld from fortnightly wages from House Pty Ltd and forwarded to the ATO $28,000 in 2021 Financial Year.
3) Rental allowance totalling $10,000. No PAYG was withheld.
4) Superannuation contributed $12,000 to House Super Fund on behalf of Jonathan.
5) Performance bonus of $22,000, of which $6,600 PAYG Tax for 2021 Financial Year was withheld.
For each of the transactions indicate, which amounts are to be included in Jonathan’s assessable income.
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