Payroll and Activity Statement Assessment 1v2 Page 1 Last updated on 16092019 T

Payroll and activity statement assessment 1v2 page 1

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Payroll and Activity Statement, Assessment 1_v2Page 1Last updated on 16/09/2019
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T-1.8.1Task 11 (2.5 marks) - Payroll BasicsSandra has just finished her Bachelor of Accounting from the University of Sydney. She wants to become aregistered tax agent. Please advise Sandra the registration requirements and codes of professional conductfrom Tax Practitioners Board () and Business Activity Statement Agent.a)Registration Requirements for Tax Agent (0.50 Marks)Requirements for registration are:be at least 18 years of age to be eligible to apply.be a fit and proper personmust satisfy the qualification and experience requirements.maintain, or will be able to maintain, professional indemnity insurance thatmeets our requirements.Complete an online application and provide all supporting documents.b)Who can be a BAS Agent? (0.50 Marks)Payroll and Activity Statement, Assessment 1_v2Page 1Last updated on 16/09/2019
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c)Can BAS agent provide payroll services? (0.50 Marks)d)Discuss the scope of BAS agent in payroll services. (0.50 Marks)e)Who else can provide payroll services? identify the need for independent expert advice providers. (0.50 Marks)Task 12 (2 Marks) - PAYG & HELPInstruction for student: This is an individual task. You need to calculate PAYG Tax and HELP debt for the following employees (Usecurrent year Weekly tax table and Weekly HELP table available in ATO website ) assuming allemployees are residents below.Payroll and Activity Statement, Assessment 1_v2Page 1Last updated on 16/09/2019
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T-1.8.1EmployeeTFNQuotedTax FreeThresholdClaimedWeeklyWagePAYG TaxHELPNet WagesAlberto MatadorNONO$431.00$202.57$0.00$228.43Lance Livestrong YESYES$687.00$74.00$0.00$613.00Robbie McEvenYESNO$775.00$221.00$31.00$523.00Cadel Stevens YESYES$690.00$74.00$0.00$616.00Stuart McGradyNONO$520.00$244.40$0.00$276.00TotalTask 13 (3 marks) - PAYG, Pay Frequency & Withholding CalculationInstruction for student:
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