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Mel789's avatar
Mel789
11 months ago
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PAYG Tax Withholding in MYOB is different to ATO Tax tables

Hi,

 

I am paying an employee a weekly pay of $942. The tax taken out in MYOB is $142 but the ATO weekly table has $124 tax.  The employee is claiming the tax free threshold.

What could I be doing wrong that they aren't the same tax figure?  

 

Thanks!

Mel

Desktop

5 Replies

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  • Mel789's avatar
    Mel789
    11 months ago

    Further to the above post, Tax Table Revision Date is 01/07/2023.

  • Pamalexander's avatar
    Pamalexander
    Experienced Cover User
    11 months ago

    Is the ATO tax table including Medicare Levy of 2% or is it separated

  • gavin12345's avatar
    gavin12345
    Ultimate User
    11 months ago

    Hi Mel789 

     

    The PAYG always includes any Medicare - this is normal. Re-check your figures. The ATO documentation shows $142 for a gross weekly on $942. This may change after 1 July 2024 but not before.

     

    Regards

    Gavin

    gavinw222@gmail.com

     

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Tax Withholding in MYOB is different to ATO Tax tables","id":"message:870307","revisionNum":1,"repliesCount":5,"author":{"__ref":"User:user:340753"},"depth":0,"hasGivenKudo":false,"board":{"__ref":"Forum:board:Staffing_and_Payroll"},"conversation":{"__ref":"Conversation:conversation:870307"},"readOnly":false,"editFrozen":false,"moderationData":{"__ref":"ModerationData:moderation_data:870307"},"body":"

Hi,

 

I am paying an employee a weekly pay of $942. The tax taken out in MYOB is $142 but the ATO weekly table has $124 tax.  The employee is claiming the tax free threshold.

What could I be doing wrong that they aren't the same tax figure?  

 

Thanks!

Mel

","body@stringLength":"324","rawBody":"

Hi,

 

I am paying an employee a weekly pay of $942. The tax taken out in MYOB is $142 but the ATO weekly table has $124 tax.  The employee is claiming the tax free threshold.

What could I be doing wrong that they aren't the same tax figure?  

 

Thanks!

Mel

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The tax taken out in MYOB is $142 but the ATO weekly table has $124 tax.  The employee is claiming the tax free threshold. What could 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background-size: contain;\n background-position: center;\n}\n.myob-social-links .twitter a:before {\n background: url(\"data:image/svg+xml;charset=utf8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 24 24'%3E%3Ctitle%3EAsset 6%3C/title%3E%3Cg id='Layer_2' data-name='Layer 2'%3E%3Cg id='Layer_1-2' data-name='Layer 1'%3E%3Cpath d='M12,0A12,12,0,1,0,24,12,12,12,0,0,0,12,0Zm5.33,10c0,.12,0,.23,0,.35A7.75,7.75,0,0,1,5.4,16.92a5.48,5.48,0,0,0,4-1.13A2.73,2.73,0,0,1,6.89,13.9a2.73,2.73,0,0,0,1.23,0,2.73,2.73,0,0,1-2.19-2.67v0a2.73,2.73,0,0,0,1.23.34,2.73,2.73,0,0,1-.84-3.64,7.74,7.74,0,0,0,5.62,2.85,2.76,2.76,0,0,1-.07-.62,2.73,2.73,0,0,1,4.72-1.86,5.49,5.49,0,0,0,1.73-.66c-.2.64-.23.87-.79,1.21a1.46,1.46,0,0,0,1.34,0A5.8,5.8,0,0,1,17.33,10Z' style='fill:%23687480'/%3E%3C/g%3E%3C/g%3E%3C/svg%3E\")\n no-repeat;\n}\n\n.myob-social-links .googleplus a:before {\n background: url(\"data:image/svg+xml;charset=utf8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 24 24'%3E%3Ctitle%3EAsset 4%3C/title%3E%3Cg id='Layer_2' data-name='Layer 2'%3E%3Cg id='Layer_1-2' data-name='Layer 1'%3E%3Cpath d='M12,0A12,12,0,1,0,24,12,12,12,0,0,0,12,0ZM9,17.5a5.5,5.5,0,1,1,4.1-9.17L11.61,9.67a3.5,3.5,0,1,0,.56,3.84H9v-2h4.47a1,1,0,0,1,1,1.11A5.49,5.49,0,0,1,9,17.5Zm10.5-4v2h-2v-2h-2v-2h2v-2h2v2h2v2Z' style='fill:%23687480'/%3E%3C/g%3E%3C/g%3E%3C/svg%3E\")\n no-repeat;\n}\n\n.myob-social-links .facebook a:before {\n background: url(\"data:image/svg+xml;charset=utf8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 24 24'%3E%3Ctitle%3EAsset 1%3C/title%3E%3Cg id='Layer_2' data-name='Layer 2'%3E%3Cg id='Layer_1-2' data-name='Layer 1'%3E%3Cpath d='M12,0A12,12,0,1,0,24,12,12,12,0,0,0,12,0Zm3.51,12H13.2v7.2h-3V12H8.4V9.58h1.8V8.29A2.61,2.61,0,0,1,13,5.4h2.6V7.77H13.81a.58.58,0,0,0-.61.66V9.58h2.56Z' style='fill:%23687480'/%3E%3C/g%3E%3C/g%3E%3C/svg%3E\")\n no-repeat;\n}\n\n.myob-social-links .linkedin a:before {\n background: url(\"data:image/svg+xml;charset=utf8,%3Csvg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 24 24'%3E%3Ctitle%3EAsset 5%3C/title%3E%3Cg id='Layer_2' data-name='Layer 2'%3E%3Cg id='Layer_1-2' data-name='Layer 1'%3E%3Cpath d='M12,24A12,12,0,1,0,0,12,12,12,0,0,0,12,24Zm1.82-10.71a1.2,1.2,0,0,0-1.2,1.2v4.2h-3s0-7.2,0-7.8h3v.89A3.72,3.72,0,0,1,15,10.91c1.78,0,3,1.29,3,3.78v4H15v-4.2A1.2,1.2,0,0,0,13.82,13.29ZM6.91,9.69h0A1.47,1.47,0,0,1,5.4,8.2,1.44,1.44,0,0,1,6.93,6.75a1.47,1.47,0,1,1,0,2.94Zm1.51,9h-3v-7.8h3Z' style='fill:%23687480'/%3E%3C/g%3E%3C/g%3E%3C/svg%3E\")\n no-repeat;\n}\n\n.myob-social-links .instagram a:before {\n background: url(\"data:image/svg+xml;base64,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\")\n 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PAYG Tax Withholding in MYOB is different to ATO Tax tables","moderationData":{"__ref":"ModerationData:moderation_data:870329"},"body":"

Further to the above post, Tax Table Revision Date is 01/07/2023.

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Is the ATO tax table including Medicare Levy of 2% or is it separated

","body@stripHtml({\"removeProcessingText\":false,\"removeSpoilerMarkup\":false,\"removeTocMarkup\":false,\"truncateLength\":200})@stringLength":"71","kudosSumWeight":0,"postTime":"2024-06-18T14:31:50.271+10:00","lastPublishTime":"2024-06-18T14:31:50.271+10:00","metrics":{"__typename":"MessageMetrics","views":123},"visibilityScope":"PUBLIC","placeholder":false,"originalMessageForPlaceholder":null,"isEscalated":null,"solution":false,"entityType":"FORUM_REPLY","eventPath":"category:AccountRight/category:Support/community:myobboard:Staffing_and_Payroll/message:870307/message:870337","replies":{"__typename":"MessageConnection","pageInfo":{"__typename":"PageInfo","hasNextPage":false,"endCursor":null,"hasPreviousPage":false,"startCursor":null},"edges":[{"__typename":"MessageEdge","cursor":"MjUuM3wyLjF8b3wzfDE0OjAsMzk6MXwx","node":{"__ref":"ForumReplyMessage:message:870344"}}]},"customFields":[],"attachments":{"__typename":"AttachmentConnection","edges":[],"pageInfo":{"__typename":"PageInfo","hasNextPage":false,"endCursor":null,"hasPreviousPage":false,"startCursor":null}}},"ModerationData:moderation_data:870344":{"__typename":"ModerationData","id":"moderation_data:870344","status":"APPROVED","rejectReason":null,"isReportedAbuse":false,"rejectUser":null,"rejectTime":null,"rejectActorType":"member"},"ForumReplyMessage:message:870344":{"__typename":"ForumReplyMessage","author":{"__ref":"User:user:340753"},"id":"message:870344","revisionNum":1,"uid":870344,"depth":2,"hasGivenKudo":false,"subscribed":false,"board":{"__ref":"Forum:board:Staffing_and_Payroll"},"parent":{"__ref":"ForumReplyMessage:message:870337"},"conversation":{"__ref":"Conversation:conversation:870307"},"subject":"Re: PAYG Tax Withholding in MYOB is different to ATO Tax tables","moderationData":{"__ref":"ModerationData:moderation_data:870344"},"body":"

Thank you - I will check.

","body@stripHtml({\"removeProcessingText\":false,\"removeSpoilerMarkup\":false,\"removeTocMarkup\":false,\"truncateLength\":200})@stringLength":"27","kudosSumWeight":0,"repliesCount":0,"postTime":"2024-06-18T14:51:02.597+10:00","lastPublishTime":"2024-06-18T14:51:02.597+10:00","metrics":{"__typename":"MessageMetrics","views":110},"visibilityScope":"PUBLIC","placeholder":false,"originalMessageForPlaceholder":null,"isEscalated":null,"solution":false,"entityType":"FORUM_REPLY","eventPath":"category:AccountRight/category:Support/community:myobboard:Staffing_and_Payroll/message:870307/message:870344","replies":{"__typename":"MessageConnection","pageInfo":{"__typename":"PageInfo","hasNextPage":false,"endCursor":null,"hasPreviousPage":false,"startCursor":null},"edges":[]},"customFields":[],"attachments":{"__typename":"AttachmentConnection","edges":[],"pageInfo":{"__typename":"PageInfo","hasNextPage":false,"endCursor":null,"hasPreviousPage":false,"startCursor":null}}},"Rank:rank:179":{"__typename":"Rank","id":"rank:179","position":59,"name":"Ultimate User","color":"333333","icon":null,"rankStyle":"TEXT"},"User:user:65526":{"__typename":"User","id":"user:65526","uid":65526,"login":"gavin12345","biography":null,"registrationData":{"__typename":"RegistrationData","status":null,"registrationTime":"2012-10-26T17:00:16.950+11:00"},"deleted":false,"email":"","avatar":{"__typename":"UserAvatar","url":"https://community.myob.com/t5/s/myob/m_assets/avatars/default/avatar-5.svg?time=0"},"rank":{"__ref":"Rank:rank:179"},"entityType":"USER","eventPath":"community:myob/user:65526"},"ModerationData:moderation_data:870367":{"__typename":"ModerationData","id":"moderation_data:870367","status":"APPROVED","rejectReason":null,"isReportedAbuse":false,"rejectUser":null,"rejectTime":null,"rejectActorType":"member"},"AcceptedSolutionMessage:message:870367":{"__typename":"AcceptedSolutionMessage","uid":870367,"id":"message:870367","revisionNum":1,"author":{"__ref":"User:user:65526"},"readOnly":false,"repliesCount":1,"depth":1,"hasGivenKudo":false,"subscribed":false,"board":{"__ref":"Forum:board:Staffing_and_Payroll"},"parent":{"__ref":"ForumTopicMessage:message:870307"},"conversation":{"__ref":"Conversation:conversation:870307"},"subject":"Re: PAYG Tax Withholding in MYOB is different to ATO Tax tables","moderationData":{"__ref":"ModerationData:moderation_data:870367"},"body":"

Hi Mel789 

 

The PAYG always includes any Medicare - this is normal. Re-check your figures. The ATO documentation shows $142 for a gross weekly on $942. This may change after 1 July 2024 but not before.

 

Regards

Gavin

gavinw222@gmail.com

 

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thanks

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