Paying Commission inclusive of super
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 ...
Forum Discussion
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
Thank you for the reply.
Can anyone with MYOB knowledge let me know how to set this up?
