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arora-associates
Level 1

What is the rate at which PAYG is calculated by QBO for a casual employee?

 
1 Comment 1
John Enrico
QuickBooks Team

What is the rate at which PAYG is calculated by QBO for a casual employee?

Hi arora-associates,

 

Thank you for posting in the Community!

 

PAYG calculation does not follow any specific fixed rate unlike Superannuation Guarantee (SG), which is currently at 10%. Instead, PAYG is calculated depending upon several factors which include, among others, the following:

  1. Pay schedule (Weekly, Fortnightly, Monthly or Quarterly)
  2. Gross earnings
  3. Presence of Tax File Number on employee settings
  4. Tax status of the employee (Resident, Non-resident or Working Holiday Maker)
  5. Claim of Tax Free threshold

The amount of PAYG Withholding will vary depending upon the combination of the above factors. The ATO has a PAYG calculator that you can refer to in order to cross-match the calculations in QuickBooks Online Payroll.

 

I hope you find this helpful.

 

 

Best,

John Enrico