Medicare Levy 2%

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Medicare Levy 2%

Just want to know if PAYG deduction in MYOB payroll function includes 2% medicare levy deduction on top of PAYG? Thank you

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Re: Medicare Levy 2%

Hi @erlyn 

 

Yes it does - depending on the tax table selected and the gross income amount, MYOB calculates how much tax the employer is required to withhold. This PAYG withholding amount includes income tax, medicare and HECS/HELP debts if applicable.

 

Regards

Gavin

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Re: Medicare Levy 2%

Thank you, Gavin Smiley Happy 

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