Solved: Trevor is learning how to calculate payg tax withheld, Accounting Basics

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Trevor is learning how to calculate payg tax withheld

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Trevor is learning how to calculate PAYG tax withheld amount. Although, he knows MYOB will calculate the figure for him automatically, he was to be able to process the pays manually should the computer system 'crash' on pay day. Calculate PAYG withholding using the following figures and the 2015-16 weekly tax tables.

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

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Accounting Basics: Trevor is learning how to calculate payg tax withheld

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