Under the code of professional conduct code in the

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under the Code of Professional Conduct (Code) in the TASA, Wayne must ensure that the payroll services provided on his behalf by Leigh are provided competently by reviewing Leigh’s work to ensure its accuracy. Alternatively, if Leigh is a registered BAS agent whose expertise is in payroll services, then Wayne may meet this requirement of the Code without reviewing Leigh’s work. Task 12 (2 Marks) - PAYG & HELP Instruction for student: This is an individual task. You need to calculate PAYG Tax and HELP debt for the following employees (Use current year Weekly tax table and Weekly HELP table available in ATO website ) assuming all employees are residents below. Employee TFN Quoted Tax Free Threshold Claimed Weekly Wage PAYG Tax HELP Net Wages Alberto Matador NO NO $431.00 Lance Livestrong YES YES $687.00 Robbie McEven YES NO $775.00 Cadel Stevens YES YES $690.00 Stuart McGrady NO NO $520.00 Total Business Activity Statement, Assessment 1, v1.1 Page 55
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Task 13 (3 marks) - PAYG, Pay Frequency & Withholding Calculation Instruction for student: This is an individual task. You need to fill the following table using appropriate tax table from ATO website (Please show your calculations / break down below the table). All these employees have worked 52 weeks in the 2014- 2015 financial year. Yearly Incom e ($) Resident / Non Resident Tax File Numbe r Pay Frequenc y Pay / Pay Frequenc y (Gross Pay) Withholdin g Tax/ Pay Frequency Yearly Withholdin g Total 18200 Non Resident Not Quoted Weekly 182000 Resident Quoted Forth Nightly 76000 Resident Not Quoted Forth Nightly 92000 Resident Quoted Weekly Business Activity Statement, Assessment 1, v1.1 Page 56
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90000 Non Resident Quoted Forth Nightly 45000 Resident Quoted Weekly 36000 Non Resident Quoted Weekly 25000 Resident Quoted Weekly 32000 Resident Quoted Weekly Task 14 (2 marks)- Medicare Levy and MLS Calculation Instruction for student: This is an individual task. You need to calculate Medicare Levy & Medicare Levy Surcharge based of individual’s yearly income. All these employees are adult, single and have no private health insurance cover. Please show your calculations / break down below the table. Yearly Income Resident/ Non Resident Medicare Levy Medicare Levy Surcharge 18200 Non Resident 182000 Resident 76000 Resident 92000 Resident 90000 Non Resident 45000 Resident 36000 Non Resident 25000 Resident Business Activity Statement, Assessment 1, v1.1 Page 57
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32000 Resident Task 15 (10 marks) - Record Employee Information & Process Payroll Instruction for student: This is an individual task. You need to create a company file in MYOB using the given information and enter employee details and their payroll details applying relevant legislation and standards. Send your MYOB file at your teacher’s email address. (Refer to eLearning for other employee information and weekly timesheet) Required: Create a company using the following information in MYOB and Process Payroll Set up a company with your name- Your First Name-Last Name-Your Student ID Mount Isa Cleaners Pty Ltd with ABN 99 999 999 999. Use current year (you don’t need to change any details, like conversion month, current year). Select Retail industry with business type- Garden Centre/ Nursery. Load tax level. Load payroll tax. Use 9.50% for
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