FNSTPB402 Establish and maintain payroll systems Assignment

Questions:

1.1. Answer the following:

1. How can you lodge your BAS online? Write your answer in 30-50 words.
2. When is it required to make adjustments in Goods and Services tax (GST)? Write your answer in 50-100 words.
3. List five (5) steps to be implemented to extract and apply BAS/IAS.

1.2. Answer the following:

• If a company has a seven-day shift worker (who works all days Sundays and public holidays) and is engaged for part of a 12-month period, what modern awards must be received by that employee as per “Manufacturing and Associated Industries and Occupations Award 2010”? Write your answer in 50-80 words.
• As per National Employment Standard, what is the rate of pay for Paid personal/carer’s leave? Write your answer in 30-50 words.

1.3. Answer the following:

• What is the base income threshold (under which you are not liable to pay the Medical Levy Surcharge) for singles and families?
• Is it possible to influence the amount of super your employer pays for your benefit if you are on individual employment contract? Answer in Yes or NO.
• Meng runs a building and construction business. He has qualified carpenters as well as office staff who do administration work. Identify and list two (2) applicable current commonwealth, industry and modern awards that will apply to his business.
• Assume that the business you are employed for does not have a registered agreement that sets out the minimum conditions such as pay, leave and termination and you are a Software engineer in the company, Identify the award you are covered by.

1.4. The role of an industry code is to improve industry standards and support legislative requirements, by providing an industry with a flexible and low cost form of regulation. What industry codes of practice are applied to payroll operations. Explain in 200-250 words.

1.5. In this task, you are supposed to establish payroll set-up for salary packaging with the following details in MYOB:

1.6. As per the Tax Agent Service Act (TASA), what is scope of services that a BAS can provide? Explain in 50-100 words.

1.7. Answer the following:

1. What are the ten (10) minimum entitlements of the National Employment Standard (NES)?
2. When can casual employees get NES entitlements? Write your answer in 30-50 words.

1.8. Employers have certain legal obligations when hiring employees. These terms and conditions are stipulated under following broad areas:

1. Industrial awards
2. Enterprise agreements
3. Individual contracts
4. Other arrangements

1.9. Explain the application of these areas in relation with the payroll maintenance responsibilities in 50-100 words.

1.10. List any ten (10) employee information’s that must be present in payroll system to ensure its accuracy. (Guide: Short)

1.11. Following is the given data that includes the pay rate and the timesheet for employees working in TFT Pty. Ltd.

1.12. The following employee do not agree with his pay. You are required to check that wages paid are correctly calculated.

Note: Michell is paid weekly and completes a time card

You are required to:

Calculate, record and reconcile employee

Reconcile total payments for pay period, and review and correct irregularities

Correct the payroll table.

Resources and equipment required to complete assessment activity1(part A)

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the bookkeeping field of work and include access to:

• office equipment, technology, software and consumables required to establish and maintain a payroll system, including:
  • workplace reference materials, such as procedural manuals and organizational policy
  • actual or simulated payroll data.
  • Computer
  • Internet
  • MS Word
  • Printer or e-printer
  • Adobe acrobat/reader
  • Learning management system i.e. Moodle
  • MYOB

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