Leonardo is required to work a 38-hour week, over 5 days. How many hours and minutes does
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Question:
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Regular pay 38hours x $26.10 Add Overtime calculated in iii) Equals Total Gross pay |
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- Use the internet to access the Weekly PAYG Tax withheld for individual calculator on the Australian Tax Office website[1] to calculate how much tax should be withheld from Leonardo's wages this week. Save this as a screenshot with the name ATO calculator and upload with your assessment. He has given you his Tax File Number and is claiming the Tax Free Threshold.
- Complete Leonardo's statement of net pay below:
Gross Pay | |
Less PAYG Withholding | |
- You are required to check calculations prior to getting authorisation to complete payroll. Leonardo's gross pay has been calculated at $1,044 is this correct? Provide reasons for your answer.
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Posted Date: