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Homework answers / question archive / Chopper Aviation have provided the following information for the quarter ending 31st March

Chopper Aviation have provided the following information for the quarter ending 31st March

Accounting

Chopper Aviation have provided the following information for the quarter ending 31st March. 

Gross Salaries and Wages including PAYG Withheld = $186660 

Car Allowances = $3764 (note: this is the gross amount and it is not subject to PAYG withholding; it has not been included in Gross Salaries & Wages above)

Bonuses paid grossed $4480; tax on bonuses $920 (both amounts not included above)

PAYG Withheld from salaries and wages = $42,781

Contractor invoices subject to voluntary withholding agreement totalling $15000; tax withheld at 20%

$901 invoice subject to 47% withholding as the supplier does not hold an ABN.

REQUIRED: a) complete the PAYG tax withheld panel of the Business Activity Statement:

REQUIRED: b) complete the Summary panel extract on the Business Activity Statement:

Note: Chopper Aviation are not registered for Fringe Benefit tax and not currently paying PAYG Instalments.

 

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