Medicare levy surcharge 1% - additional withholding
I have a new employee who has elected for an additional 1% tax withholding to cover any Medicare levy surcharge for this financial year. I don't see an option to do this in AccountRight. I know there's a field for Extra Tax as a $ value, but not extra tax as a %. Please advise what I should do. Thanks! I have attached a screenshot of the employee's Tax withholding and medicare levy variation selections.Solved1.1KViews0likes5Comments
Taxes - Variation
Hi, I have had a request from an employee to update their tax witholding as follows: Claim tax-free threshold:Yes Additional withholding percentage:2.00% Education loan withholding:Higher Education Loan Program(HELP) Medicare levy variation:No variation There is no option in MYOB to do this, it can either be - Tax-Free Threshold + HELP - this option doesn't allow me to enter in an additional witholding variation rate. OR Withholding Variation - this option doesn't allow additional tax-free threshold + HELP Can someone please assist/advise on what I need to do? Thank you!Solved1.3KViews0likes3Comments