Sai was an employee on an annual salary of 36,000 until October 2022, when he...
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Accounting
Sai was an employee on an annual salary of 36,000 until October 2022, when he had a pay rise of 5%. His salary is paid at the end of every month. He is also paid a bonus on 1 April each year based upon his performance to the end of the previous calendar year. On 1 April 2022 he received a bonus of 2,800, and on 3 April 2023 he received a bonus of 3,300. Required: Sai's assessable employment income for 2022/23 is:
Sai was an employee on an annual salary of 36,000 until October 2022, when he had a pay rise of 5%. His salary is paid at the end of every month. He is also paid a bonus on 1 April each year based upon his performance to the end of the previous calendar year. On 1 April 2022 he received a bonus of 2,800, and on 3 April 2023 he received a bonus of 3,300. Required: Sai's assessable employment income for 2022/23 is:
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