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JOJOPENJOR(Newbie)Newbie
2 Aug 2024

Hi, I am trying to figure out if there is separate tax table for Incentive and bonus payment. I make a payment to a person with $14694.17. Taking it as a normal salary the PAYG comes to $5606 which i referred to the fortnightly PAYG calculator). When i choose as an incentive payment which is a Taxable : Bonus / Commission (Common Pay Group / Pay Run) in the MYOB system the PAYG comes to $6906 not very sure how it was derived. Is it taking the straight 47% on the amount?

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363 views
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Most helpful reply

PollyATO(Community Support)Community Support
1 Oct 2024

Hey there @JOJOPENJOR,


Sorry this has taken a while to get back to you.


Our team have provided the following response, we hope this helps clear up any confusion.


You'll be able to work out the withholding amounts using this table. You'll need to select the appropriate method (Method A or B) that is appropriate for you.





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Most helpful reply

PollyATO(Community Support)Community Support
1 Oct 2024

Hey there @JOJOPENJOR,


Sorry this has taken a while to get back to you.


Our team have provided the following response, we hope this helps clear up any confusion.


You'll be able to work out the withholding amounts using this table. You'll need to select the appropriate method (Method A or B) that is appropriate for you.





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