Question: Task 5 - Prepare an Instalment Activity Statement PR5.1 Malcolm has approached you and asked you to complete the IAS for May for the business.

 Task 5 - Prepare an Instalment Activity Statement PR5.1 Malcolm has

Task 5 - Prepare an Instalment Activity Statement PR5.1 Malcolm has approached you and asked you to complete the IAS for May for the business. He has provided last months figures and you are to use these to complete the extract of an LAS below: Salaries and Wages $211.457 Allowances Paid $3,200 Invoice subject to Voluntary Withholding tax (this is the $2000 Gross amount) PAYG Withheld $47,098 Voluntary Withholding Taxis To be calculated 20% .XX Total salary, wages and W1 216.657.XX Other payments Amounts withheld from W2 47.498.XX Payments shown at W1 Amounts withheld where W4 no ABN is quoted Other amounts witheld (encluding W3 .XX Any amount shown at W2 or W4) Total amounts withheld W5 47,498.XX (W2+ W4+ WS) Write W5 amountain the Summary section below

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