How is PAYG determined?
I am relatively new at using Reckons Mobile Payroll App and have a query which I hope someone can clarify for me please. Attached are two PDF copies of screenshots from the app to illustrate the query.
It is to do when creating a pay run.
Pay date 22/04/23. Period from 01/04/23 to 30/04/23.
Gross salary for that month = $7500
The first screenshot (1) illustrates the data at “Edit Pay Details” from the app.
The second screenshot (2) illustrates the data at “employee details” from the app. This can then be forwarded to ATO.
What I do not understand is how the figure of “PAYG $5382.00 tax withheld is obtained at screenshot (1)
The second screenshot (2) indicates “tax $1794.00”. Now $1794.00 is in accordance with 2023 ATO tax tables for a salary of $7500.00 per month and so I believe is correct.
The app allows me to override the tax withheld amounts by entering a “custom tax withheld amount of $1794”. However, the “custom tax withheld amount of $5382.00” remains.
The way I have described this may seem confusing, but in essence what I am trying to understand is what does the figure of $5382 mean and how is it determined??
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