Australia Wide Taxation & Payroll Training

Australia Wide Taxation & Payroll Training

Phone: 1800 803 337 (Free call)
Quiz: test your knowledge

Refer to this PAYG Payment Summary and answer the following questions. Please note that each relevant item on the Payment Summary is numbered, for example, tool allowance is item 3.

1... Should Item (2) be included in Item (1)? Yes
No
2... Should Item (8) be included in Item (1)? Yes
No
3... Is this payment summary used for withholdings made under a voluntary agreement? Yes
No
4...

What amounts paid in repect of a deceased employee should be included on this payment?

A... All amounts
B... Only those amounts received before death

A
B
5... Should amounts effectively salary sacrificed to superannuation be included in gross payments on the payment summary? Yes
No
6... Do amounts (2) and (3) attract the superannuation guarantee? Yes
No
7... In relation to Item (9), which FBT gross-up rate should be used to calculate the grossed-up value of reportable fringe benefits? 2.0647
1.8692
1.9417
8... Should an ETP amount being paid on termination be shown on this payment summary? Yes
No
9...

What is Item (6)?

A... Accrued leave paid on termination
B... The tax free portion of a redundancy
C... Gross wages

 A
B
C
10... What amount is allowable to the employer as a tax deduction in respect of wages paid? $49,063
$51,679
$42,444
11... What tax should be withheld from Item (4)? Nil
31.5%
5%
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