Question 5 - PAYG WITHHOLDING (8 marks)

Below is an extract from weekly tax tables.

Weekly earnings With tax-free threshold No tax free-free threshold

($) ($) ($)

406 11.00 94.00

407 11.00 95.00

408 12.00 95.00

409 12.00 95.00

410 12.00 96.00

(a)The correct amount of tax to withhold (if any) from a resident employee earning $409 per week, who has not quoted a TFN but has requested the tax-free threshold is

(b)The correct amount of tax to withhold (if any) from a resident employee earning $408 per week, who has quoted a TFN and requested No tax-free threshold

(c)The correct amount of tax to withhold (if any) from a resident employee earning $410 who has quoted a TFN and requested the tax-free threshold

(d)The correct amount of tax to withhold (if any) from a non-resident employee earning $407 who has quoted a TFN.

Question 1

1) How does a business report and pay FBT to the ATO?

2)What is the difference between a GST Free Sales and Input Taxed Sales?

3) Are Superannuation Guarantee amounts reported in the BAS?