Western Engineering has a PAYG Instalment amount for 2021/22 financial year set by the ATO at...

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Western Engineering has a PAYG Instalment amount for 2021/22 financial year set by the ATO at $39,000 per quarter. Record the quarterly amount paid in the Provision for Income Tax A/c for each quarter in 2021/22. The companyhasan incometax payablefor 2021/22 calculatedat $142,000 Record the income tax payable in the Provision for Income Tax A/c (T-ledger). Calculate the tax payable/refund for 2021/22 financial year. Western Engineering has a PAYG Instalment amount for 2021/22 financial year set by the ATO at $39,000 per quarter. Record the quarterly amount paid in the Provision for Income Tax A/c for each quarter in 2021/22. The companyhasan incometax payablefor 2021/22 calculatedat $142,000 Record the income tax payable in the Provision for Income Tax A/c (T-ledger). Calculate the tax payable/refund for 2021/22 financial year.

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