The Payroll Officer has prepared the STP reporting for the month's pay event and submitted to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Payroll Officer has prepared the STP reporting for the month's pay event and submitted to you for review as per the company's policies and procedures. You have also received the Annual Payroll Summary report for 2019/20 from the computerised payroll system as per below. Employee Peters, Anne Smith, Robert Stone, Jan Wilson, John Total: Accounting Professionals Annual Payroll Activity Summary Gross Pay Allowances Deductions Taxes $60,000.00 $25,885.60 $1,637.50 $5,000.00 $92,523.10 $0.00 $0.00 $0.00 $68.00 $68.00 Net Pay Super $0.00 $17,160.00 $42,840.00 $5,700.00 $0.00 $4,748.00 $21,137.60 $2,459.13 $0.00 $377.00 $1,260.50 $155.56 $50.00 $1,023.00 $3,995.00 $475.00 $50.00 $23,308.00 $69,233.10 $8,789.69 The CFO has asked you to investigate whether Accounting Professionals is now liable for Payroll Tax in Western Australia, due to the appointment of two new employees. a) Using the Payroll Tax Calculator on the Department of Finance WA website, calculate Accounting Professionals' payroll tax liability for June (save the results to a PDF file or take a screen shot or photo of the result). Calculate an estimate * * Frequency Monthly Annual Client Status Local Group Start Date 01/06/2020 * End Date 30/06/2020 * WA Taxable Wages $21,019 Calculate Clear Deductable Amount $21,019.00 Taxable Amount Tax Rate Tax Estimate $0.00 5.5000% $0.00 The Payroll Officer has prepared the STP reporting for the month's pay event and submitted to you for review as per the company's policies and procedures. You have also received the Annual Payroll Summary report for 2019/20 from the computerised payroll system as per below. Employee Peters, Anne Smith, Robert Stone, Jan Wilson, John Total: Accounting Professionals Annual Payroll Activity Summary Gross Pay Allowances Deductions Taxes $60,000.00 $25,885.60 $1,637.50 $5,000.00 $92,523.10 $0.00 $0.00 $0.00 $68.00 $68.00 Net Pay Super $0.00 $17,160.00 $42,840.00 $5,700.00 $0.00 $4,748.00 $21,137.60 $2,459.13 $0.00 $377.00 $1,260.50 $155.56 $50.00 $1,023.00 $3,995.00 $475.00 $50.00 $23,308.00 $69,233.10 $8,789.69 The CFO has asked you to investigate whether Accounting Professionals is now liable for Payroll Tax in Western Australia, due to the appointment of two new employees. a) Using the Payroll Tax Calculator on the Department of Finance WA website, calculate Accounting Professionals' payroll tax liability for June (save the results to a PDF file or take a screen shot or photo of the result). Calculate an estimate * * Frequency Monthly Annual Client Status Local Group Start Date 01/06/2020 * End Date 30/06/2020 * WA Taxable Wages $21,019 Calculate Clear Deductable Amount $21,019.00 Taxable Amount Tax Rate Tax Estimate $0.00 5.5000% $0.00
Expert Answer:
Related Book For
Auditing An International Approach
ISBN: 978-0071051415
6th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Posted Date:
Students also viewed these accounting questions
-
John Wilson is a conservative investor who has asked your advice about two bonds he is considering. One is a seasoned issue of the Capri Fashion Company that was first sold 22 years ago at a face...
-
John R. and Anne L. Miller are married and live at 13071 Sterling Drive, Aitkin, MN 56431. John is a self-employed insurance claims adjuster (business activity code 524290), and Anne is the dietitian...
-
25 270 60 750 415 595 390 450 400 160 192 155 200 460 650 510 330 225 a Construct a 95 confidence interval with these data to estimate the average annual contributions to charity for this age group b...
-
Evaluate each expression if possible. V0.49
-
Solidad Company calculates the cost for an equivalent unit of production using process costing. Data for June Work-in-process inventory, June 1: 30,000 units Direct materials: 100 percent complete...
-
The following data on crack depth (m) was read from a graph in the article Effects of Electropolishing on Corrosion and Stress Corrosion Cracking of Alloy 182 in High Temperature Water (Corrosion...
-
In Figure 10.10, the ball's instantaneous velocity \(\vec{v}\) does not point in the same direction as the displacement \(\Delta \vec{r}\) (it points above the final position of the ball). Why?...
-
Info-Mart Company is an investigative services firm that is owned and operated by Tom Wagner. On June 30, 2012, the end of the current fiscal year, the accountant for Info-Mart Company prepared an...
-
A student addresses a bully mocking another student, " what you're doing isn't even clever or funny, everyone has a right ti express who they are.. you know like we say every morning.. liberty and...
-
Dwight Donovan, the president of Donovan Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to...
-
Assume Companies 1, 2, 3, and 4 performed equally well in Year 202X. The only differences between the companies are shown in the following table: Depreciable Life of Plant & Equipment Company 1 2 3 4...
-
For a poll of voters regarding a referendum calling for a national value-added tax, design a sampling method to obtain the individuals in the sample. Be sure to support your choice. Which sampling...
-
Suppose a surveyor wants to conduct a phone survey about a new car. She plans to take a simple random sample. However, some people do not want to participate. Do you believe this can affect the...
-
Surveys tend to suffer from low response rates. Based on past experience, a researcher determines that the typical response rate for an e-mail survey is 30%. She wishes to obtain a sample of 300...
-
Which do you prefer: histograms, stem-and-leaf plots, or frequency polygons? Be sure to support your opinion. Are there circumstances in which one might be preferred over another?
-
A polling organization conducts a study to estimate the percentage of households that have both parents sharing equally in household chores. It mails a questionnaire to 1228 randomly selected...
-
You wish to deposit an amount of money now so that at the end of five years, you will have accumulated $6,000. With an annual rate of 4% compounded semiannually, how much should you deposit now?
-
What exactly is a prima facie duty? How does an ethic of prima facie duties differ from monistic and absolutist ethical theories?
-
Explain the business riskbased approach to the audit. What is its purpose?
-
In the Audit 11.1 case, name one bank reconciliation control procedure that could have revealed signs of embezzlement.
-
Distinguish between positive and negative confirmations. Under what conditions would you expect each type of confirmation to be appropriate? Discuss.
-
Explain why it is acceptable to estimate reduced-form equations by least squares.
-
Our aim is to estimate the parameters of the simultaneous equations model We assume that \(x_{1}\) and \(x_{2}\) are exogenous and uncorrelated with the error terms \(e_{1}\) and \(e_{2}\). a. Solve...
-
Describe the two-stage least squares estimation procedure for estimating an equation in a simultaneous equations model, and explain how it resolves the estimation problem for least squares.
Study smarter with the SolutionInn App