Establish & Maintain A Payroll System Assessment Task -
Plastic Enterprises employs four staff. The business is registered for PAYG Withholding and pays employees weekly.
The following details arc relevant to payment of payroll liabilities:
- PAYG Withheld is paid monthly to the Taxation Office on 20th of the following month.
- All other deductions are paid by cheque on the last day of the month for that month.
- All pays are paid electronically by batch into the bank accounts of employees.
- Superannuation guarantee is recorded for each payroll arid is paid at the end of the month for that month.
All employees have the following conditions of employment:
- Employees work a 38 hour week (5 days of 7.6 hours per day).
- Weekday hours worked in excess of normal hours are paid at time and a half. Saturdays are paid at double time.
- Shift Allowance is paid at $15 per qualifying shift.
- Car Allowance of 66 cents/km is paid.This is not taxable and is required by law to be separately identified in the ledgers.
- Full time employees are entitled to 4 weeks annual leave with leave loading of 17.5%.They are also entitled to 10 days Personal/Carer Leave.
- Part time employees are entitled to annual leave on a pro rata basis without leave loading. They are also entitled to pro rata Personal/Carer Leave.
- Superannuation guarantee is paid at 9.5% of OTE into the super fund of the employee's choice. It is paid only when wages reach $450 per month. Employees under 18 years of age working less than 30 hours per week are ineligible.
Required:
(a) Prepare the Payroll Register below for the week ended 27 June.
(b) Prepare general journal entries to record the payroll and the superannuation liability.
(c) Prepare a general journal entry for net wages paid by EFT batch.
(d) Prepare a journal entry for the payment to Giddings.
(e) Prepare journal entries to pay superannuation guarantee and payroll liabilities, excluding PAYGW, by cheque on 30 June.
(f) Update the entitlement and payroll records for 27 June.
(g) Prepare the general journal entry to pay the PAYG withheld on 20 July.
(h) Prepare the payroll details on the BAS assuming no other taxes are payable.
(i) Prepare the PAYG Payment Summary for Noble.
Attachment:- Assignment File.rar