COBA Ltd., a NSW-Based Company - Case Study - Management Assignment Help

Assignment Task:

Task:

Q14. For November 2018, COBA Ltd., a NSW-based company, has provided the following information:
Monthly payment summary related to directors and senior managers:

Oliver Jacob Isabella
Director fees - 25,000.00 -
Consultancy fees - - 10,000.00
Salary 9,500.00 - 8,500.00
Private use of company car* Volvo
30 days

Mazda
20 days

Honda
30 days

Private use of company car - Employee contribution

500.00 100.00 250.00

Overnight accommodation allowance 200.00 350.00 300.00
Superannuation 902.50 2,375.00 1,757.50
Extra super contribution - pre-tax 600.00 - 325.83
Extra super contribution - post-tax - - 300.00
Meal entertainment expense reimbursement 100.00 50.00 -
Dry cleaning allowance (business suits) 1100.00 - 150.00
Total (except for use of company car) 12,402.50 27,775.00 21,333.33
*The company applies statutory method to all car fringe benefit calculations.
All figures in the table above are separate amounts, i.e. no figures are included in one another.

The company’s asset register has the following information regarding the cars used by the above directors/senior managers.
Car Model Base value
Volvo $35,000
Mazda $20,800
Honda $27,000

Required:
Prepare the data for payroll tax reporting using the tables below.
Show the details of all amounts you include and any workings for any calculations you perform. If any items are Exempt, indicate them as such.

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