2 years ago
Medicare Levy Surcharge additional 1% withholding
Hi Community
Is there a solution for adding a percentage for the additional Medical Levy Surcharge my employee wants me to withhold each week? My employee has requested:
Claim tax-free threshold - Yes
Additional withholding amount - $0
Medicare levy variation - 1% Medicare levy surcharge
At the moment I can only enter a $ value and this would work if my employee had the same wage amount week in week out. I thought I could set up another Tax Payroll Category just for the additional 1% but Accountright doesn't allow me to add another category, only can edit existing standard category.
There must be a better way than me having to calculate an additional 1% and manually add it to the amount withheld each pay.
Can anyone help?