Paying Commission inclusive of super

Question

We have an employee who receives a quarterly bonus which is inclusive of the statutory 11.5% superannuation.  How do I set this up in payroll so that the net pay is calculated as below

Gross Bonus $2,500

Less PAYG  $930

Less Super $287.50

Net Pay $1282.50

Extreme1 · Answer

Thank you for the reply.

Can anyone with MYOB knowledge let me know how to set this up?

Doreen_P · Answer

Hey there @Extreme1,

To set up a quarterly bonus in payroll that includes the statutory 11.5% superannuation, follow these simple steps:

* Create a Bonus Pay Item: Set up a new pay item for the quarterly bonus in your payroll system.
* Include Superannuation: When setting up the bonus pay item, ensure that the superannuation component is included.
* Calculate PAYG Withholding: Determine the PAYG withholding amount for the bonus.

You can also check this link for detailed steps when processing a bonus in payroll.

Best regards,

Doreen