Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. report ensure you use correct spelling, grammar, t

Report Ensure you use correct spelling, grammar, terminology, and conventions, use clear language and concepts...

80.2K

Verified Solution

Question

Accounting

Report

Ensure you use correct spelling, grammar, terminology, and conventions, use clear language and concepts appropriate to the audience of an Executive team to convey and clarify the information and requirements of salary packaging.

Task 1: Salary packaging options report

Submit a completed report using the template below:

Table 8 Report

Report:

Date:

Author:

Distribution List:

Purpose of the report:

Recommendation: (including reasons)

Recommend Option:Novated Lease

Reasons for recommendation:

Benefits employees in terms of take-home pay. Employee can choose car that suits their lifestyle.

No additional cost to employer and only small amount administration. Reduced liabilities and risks as employee own vehicle and novated lease can be transferred if employee leaves the business.

With smart salary, they will ensure that the agreement is done correctly to benefit both employer and employee.

References:

Smart Salary website

Australian Tax office website

Fair work

Appendices:

A: Workings for car allowance

B: Workings for Fully maintained company vehicle

C: Novated lease workings comparison tables

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Situations in life where game theory has been implicity or explcitly. What does game theory, implicity &...

Economics
Q

When considering new projects some business owners want to know how quickly they will earn their...

Finance
Q

1. Please describe the difference between an accounts receivable and a notes receivable. 2. There are times...

Accounting
Q

Call centers typically have high turnover The director of human resources for a large bank...

Basic Math
Q

valuate the function at each specified value of the independent variable and simplify If an...

Calculus
Q

The payroll records of Speedy Software show the following information about Marsha Gottschalk,...

Accounting
Q

ge In Hobbes' theory, the Second Law of Nature creates...

Accounting
Q

Sheffield/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $45....

Accounting
Q

14) What is the future value of the following cash flows at the end of...

Finance
Q

(15 points). The times required by 3 workers to perform an assembly-line task were recorded...

Finance
Q

53. (10 points-5 each) Wayton Medical Center is considering purchasing an ultrasound machine for $1,135,000....

Accounting
Q

Arrange the following financial information into the following: Comparative Balance Sheet for 2010 vs. 2011...

Accounting