BACKPAY – THE INS AND OUTS

How is it taxed? Where does it go on a payment summary? Is it superable? It is taxed using the ATO’s tax table for Backpay, bonuses, commissions and similar payments. You will use either Method A or B. The method for marginal rates tax is shown below: 1. Use the Tax Tables to work out … Continue reading BACKPAY – THE INS AND OUTS