Question 4 – Tax Calculations
Calculations
Payroll Calculations
Business
State
Annual
$
Threshold
$
Tax Rate
%
Tax Payable
$
Bay Leaf Cafe
VIC
2,000,000
Smile Dentist
NSW
120,000
Mega Gym
SA
720,000
Superannuation Calculations
Employee Name
Employee’s yearly earnings base $
Minimum superannuation
$
Adam Smith
26,000
Mark Cook
46,000
Jordan Houd
48,750
PAYG Withholding
Employee details - Max Brenner
$
Weekly pay
495
Overtime
75
Claiming tax-free threshold
Yes
Entitled to leave loading
Yes
Claiming tax offsets
No
Adjustment for Medicare
21
Adjustment for HELP debt
10
Question 4 – Tax Calculations Calculations Payroll Calculations Business State Annual $ Threshold $ Tax Rate % Tax Payab
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