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Using an appropriate format given below, reconcile your monthly payroll and submit the completed reconciliation as part of your Assessment.Reconciliation: Blood & Bone Medical FundGeneral Ledger Balance as per - see BSPayroll Summary ReportDifference- F&C Union FeesGeneral Ledger Balance as per see BSPayroll Summary ReportDifference- Superannuation DeductionGeneral Ledger Balance as per - BSPayroll Summary Report - Super DeductionsPayroll Summary Report - Super ExpenseDifference- Business Activity Statement, Assessment 1, v1.1Page 55
PAYGGeneral Ledger Balance as per - BSPayroll Summary Report - TaxDifferenceTask 18 (1 mark)- Handle Payroll QueriesYou are required to answer the following questions in short written answer form. Dotpoint is also acceptable if all parts of each question are answered.1. The Manager is checking the cash flow for the period and can’t find the figures for the payrollto date this month. He asks you to provide him with the following information:•The superannuation payable on the staff wages for the two weeks•The PAYG tax payable for the two weeksWhat figures would you provide to the Manager? 2. An employee has contacted you requesting details of his total superannuation payments. Healso requested, on behalf of his wife (Also works in the same organisation), details of her totalsuperannuation payments. He would like a total year to date figure for him and his wife.What advice would you provide?3. An employee has advised that she may need to take some additional personal leave for ahospital stay in the next few weeks. She thinks she might need to take about two days for thehospital stay and maybe another day or two after that at home. She asks you to check that shewill have enough personal leave. What advice would you give her?4. One employee has a query regarding his superannuation. He is concerned that nosuperannuation has been calculated on his Pay Slip for the week.What advice would you give him?Business Activity Statement, Assessment 1, v1.1Page 56
Task 19 (1 mark)- BAS and IASComplete PAYG Tax withheld portion of the Business’s Activity Statement from the following information:Information 1:Payroll Reconciliation for the month ending 30 JuneWages and Salaries"Wages and Salaries" as per Profit and Loss70,104.15Payroll Register Summary Reports - Wages70,104.15DifferenceNilPAYG"PAYG Withholding Payable" as per Balance Sheet18,087.00Payroll Summary Report - Taxes18,087.00DifferenceNilSuperannuationSuperannuation Guarantee - Payroll Register Detail Report6,309.38Salary Sacrifice - Payroll Register DetailReport3,100.00Employee Additional - Payroll Register Detail Report2,400.00Total Superannuation11,809.38Less Payments - Superannuation Payments by Fund2,053.84Superannuation to be paid9,755.54Superannuation Payable as per Balance Sheet9,755.54DifferenceNil
Complete PAYG Tax withheld portion of the Business’s Activity Statement from the following information (5 marks):Information 2:The company has also paid $5,243 to a contractor where no ABN was quoted in the invoice. Requirement:It is the 21stJuly and you are preparing your monthly Business Activity Statement (BAS). From the above information please complete the following section from the company’s Business Activity Statement (BAS):You must submit:All tasks provided in the assignment must be submitted.