Calculating PAYG on an Annual Bonus
Leanne_7663246
Member Posts: 109 ✭✭
Hi
I have to pay an employee a bonus. The bonus is calculated annually and I am paying it for 5 of the 12 months. Given it is a lump sum what is the best way to calculate the Tax. If I put it in the normal fortnightly pay the tax is going to be very high. Can you enter it so the tax is apportioned over the 12 months. thanks in advance
I have to pay an employee a bonus. The bonus is calculated annually and I am paying it for 5 of the 12 months. Given it is a lump sum what is the best way to calculate the Tax. If I put it in the normal fortnightly pay the tax is going to be very high. Can you enter it so the tax is apportioned over the 12 months. thanks in advance
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