Hi, please check the marking criteria to make sure everything has been answered according to the criteria. Thanks
Assessment Task – Portfolio of Evidence FNSTPB402_AT1_PE_TQM_v5.docx FNSTPB402_AT1_PE_TQM_v5.docx Student Name Student Number Unit Code/s & Name/s FNSTPB402 Establish and maintain payroll systems Assessment Name Assessment 1 Assessment Task No. 1 of 3 Assessment Due Date Date submitted Assessor Name Student Declaration: I declare that this assessment is my own work. Any ideas and comments made by other people have been acknowledged as references. I understand that if this statement is found to be false, it will be regarded as misconduct and will be subject to disciplinary action as outlined in the TAFE Queensland Student Rules. I understand that by emailing or submitting this assessment electronically, I agree to this Declaration in lieu of a written signature. Student Signature Date Instructions to Student This assessment is made up of 2 Tasks. You must be successful in all tasks to be successful in the assessment. The assessment is unsupervised and open book. Complete all questions within each task. Do not submit your assessment until you have completed all Tasks. Instructions for what is required in each Task are contained within the Task. Materials to be supplied: Templates are provided within the Tasks. Number of Attempts: You will receive up to two (2) attempts at this assessment task. Should your 1st attempt be unsatisfactory (U), your teacher will provide feedback and discuss the relevant sections / questions with you and will arrange a due date for the submission of your 2nd attempt. If your 2nd submission is unsatisfactory (U), or you fail to submit a 2nd attempt, you will receive an overall unsatisfactory result for this assessment task. Only one re-assessment attempt may be granted for each assessment task, with the exception of Apprentices or Trainees who are permitted an additional supplementary assessment. For more information, refer to the Student Rules. Work, Health and Safety: Usual office Work, Health and Safety considerations should be maintained by students while completing this assessment. This is the responsibility of the student as it is an unsupervised assignment. Assessment Criteria: To achieve a satisfactory result, your assessor will be looking for your ability to demonstrate the following key skills/tasks/knowledge to an acceptable industry standard: Identify, calculate and input data from time-recording systems for payment into manual or computerised payroll systems Produce payroll reports according to organisational and legislative requirements Present a payroll report for verification and approval Maintain records according to organisational and legislative requirements that relate to security and confidentiality of information. Submission details (if relevant) Insert your details on page 1 and sign the Student Declaration. Include this form with your submission. Assessment to be submitted via TAFE Queensland Learning Management System: Connect url: https://connect.tafeqld.edu.au/d2l/login Username; 9 digit student number For Password: Reset password go to https://passwordreset.tafeqld.edu.au/default.aspx> Instructions to Assessor This assessment is a portfolio of evidence Internal, external or online delivery No time restrictions apply Dictionaries and reference materials are permitted including access to the internet Usual office WHS requirements Physical conditions include a safe and conducive environment for writing Interactions with teachers or work supervisors should be limited to clarification and explanation of the assessment task requirement. Contingencies if conditions cannot be met are at the discretion of the teacher. Note to Student An overview of all Assessment Tasks relevant to this unit is located in the Unit Study Guide. TASK 1 - Theory 1. In Queensland who is covered by the Fair Work system? 2. What are the National Employment Standards (NES)? 3. a) Under the NES who is entitled to request flexible working conditions? b) Give two examples of flexible working conditions. 4. Under the NES what period of notice does an employer need to give an employee? 5. Print a copy of the Fair Work Statement to be submitted with your assessment. 6. a) What is the current National Minimum Wage for adults? b) When is this reviewed and from what date does the new rate apply? 7. What are the Modern Awards and who do they apply to? 8. a) What is the full name of the award that would apply to a waiter in a restaurant who had several years’ experience and was involved in taking reservations, serving food and alcohol, placing orders, accepting deliveries, collecting payment from customers and training junior staff. b) What would be their full time pay rate? c) What would be the pay rate for a similar employee working on a casual basis? 9. Modern awards do not apply to employees who earn more than the high income threshold. What is the current threshold amount? 10. Under Fair Work who can enterprise agreements apply to? 11. What is an unfair dismissal? 12. If an employee feels they have been unfairly dismissed what should they do? 13. What are three examples of actions that could be considered discrimination in a workplace? Each example must include the action taken and the reason for the action. 14. List five personal characteristics on the basis of which the law protects employees from discrimination. 15. Which of the following employees would be entitled to long service leave if employed in a business in Queensland: Yes No A full time employee worked for 12 years |_| |_| A part time employee worked for 6 years, left for 2 months then came back and worked for 5 years |_| |_| A casual employee worked 14 years between 20 hours per week and 36 hours per week with no breaks over 1 month. |_| |_| A full time employee worked for 9 years |_| |_| An employee who started as a casual 12 years ago and became full time 5 years ago |_| |_| 16. What is the main purpose of the Superannuation Guarantee (Administration) Act 1992? 17. What are the three components of the Superannuation Guarantee Charge? 18. a) What are compulsory HELP Repayments? b) When is an employee required to make compulsory HELP repayments? Your answer must include the current thresholds and rates. 19. a) What are the requirements for registration as a BAS Agent? b) Under what legislation are these requirements set? 20. List 5 specific payroll services that are included in the definition of a BAS Service outlined on the Tax Practitioners Board website. 21. Briefly explain two aspects of the Code of Professional Conduct which a BAS Agent must comply with. 22. a) What legislation operates to ensure the safety of employees, employers and the public in the workplace? (Hint: it is not Tax Agent Service Act or Fair Work Act) b) Briefly explain what the purpose of this legislation is. 23. What insurance covers employees at work and on their way to and from work? 24. The Australian Bureau of Statistics Act 1975 empowers the Australian Bureau of Statistics (ABS) to collect information. Which of the following information is available to the public through the ABS? · An individual’s taxable income for the current tax year · The Prime Ministers current salary · The Australian average weekly earnings · Worldwide average weekly earnings 25. Which of the following payments are Employment Termination Payments? Yes No Unused annual leave |_| |_| Payment in lieu of notice |_| |_| Unused rostered days off |_| |_| Unused long service leave |_| |_| Golden handshake |_| |_| Genuine redundancy payment (tax free portion) |_| |_| 26. Select the amounts which are included in wages for calculating WorkCover: Yes No Directors’ wages |_| |_| Mileage allowances |_| |_| Site allowances |_| |_| Casual wages |_| |_| Superannuation Guarantee payments |_| |_| Annual leave payments |_| |_| 27. Provide a brief explanation of the follow terms: a) Australian Business Number (ABN) b) Tax File Number Declaration Form c) PAYG Withholding (PAYG W/H) d) PAYG Instalment (PAYG I) e) Fringe Benefits Tax (FBT) f) A company g) Australian Company Number (ACN) 28. a) What records are required to be kept in relation to payroll? b) How long are payroll required to be kept? 29. You are required to manually calculate the wages for Aaron for the week ending 22 July 2022 based on the information provided below. A template is provided for recording the calculations. Aaron’s hourly rate is $45 per hour and he is paid overtime at time and a half for hours in excess of 38 hours each week He claims the tax free threshold for this job and PAYG is to be deducted in accordance with ATO requirements Aaron has a salary sacrifice agreement with his employer and sacrifices $80 per week to superannuation. As part of this agreement Superannuation Guarantee payments are paid on ordinary time earnings prior to salary sacrifice. Aaron is paid a car allowance at the standard ATO rate of 78 cents per kilometre For the week ended 22nd July 2022 Aaron worked a total of 42 hours and travelled 35 kilometres for work in his car. Complete the pay calculations for the week in the table below. Ensure that your calculations for PAYG withholding and superannuation guarantee comply with applicable rates and legislative requirements. Employee: AARON Week Ended: 22 July 2022 Wages: Normal Hours: _______ hours @ $ ________ $ Overtime: ________ Hours @ $ _________ $ Car Allowance: ________ km x _________c/km $ Total wages $ Less Salary Sacrifice Superannuation $ Less PAYG Withholding (Calculated on $ __________ ) $ Net Pay $ Superannuation: Superannuation Guarantee (Calculated on $ __________ ) $ Salary Sacrifice $ Total Superannuation $ 30. 30. What is the due date for reporting and payment of the superannuation for Aaron from question 29? 31. a) Briefly explain the Queensland payroll tax system. b) What is the current rate of payroll tax in Queensland. 32. Single Touch Payroll (STP) is mandatory for most employers from 1 July 2021. Briefly explain the STP process including: a) what is reported b) how it is reported c) when data is reported d) when liabilities are payable for PAYG Withholding and Superannuation Guarantee. 33. a) What are PAYG payment summaries and what information do they include? b) Under what circumstances is an employer required to issue PAYG payment summaries? TASK 2 - Communication exercise – Tax deducted from my wages In Question 29 of Task 1 you were asked to calculate the PAYG withholding to be deducted from Aaron’s weekly wages. This calculation takes into account many factors including Aaron’s personal circumstances and the nature of the payments he has received. In this task you are required to create a video recording of a role play of yourself providing an explanation to ”Aaron” (played by a friend or relative) of how the PAYG withholding amount is calculated. A smart phone can be used to make the recording (with audio). Your video recording should 2 to 3 minutes in length and include the following: Recording Checklist Item Covered? Yes No A brief explanation of what PAYG withholding is. |_| |_| Discuss what income amounts are included and what are not included when calculating PAYG withholding. |_| |_| Explain the effects of residency and having a second job. |_| |_| Explain how Aaron’s salary sacrifice arrangement has affected his PAYG withholding. |_| |_| Aaron needs to ask at least two questions which require you to provide extra details during the discussions. * |_| |_| You need to use clear, appropriate and professional language and tone throughout. |_| |_| Suggested questions Aaron could ask may include: Did I pay PAYG withholding on my car allowance? Are all allowances exempt from PAYG withholding? What is the tax free threshold? What should I do if I get another job? I have a HELP debt but I forgot to put it on my Employment Declaration, what should I do? How does the salary sacrifice arrangement help me save tax? Note: This is a simulated business meeting so you should not be just reading from information prepared earlier. You need to demonstrate active listening and communication skill. 123 TMP C – Assessment Template – Portfolio of Evidence v1.2Page 1 of 16 123 TMP C – Assessment Template - Portfolio of Evidence v1.2Page 13 of 16 Assessment Marking Criteria Assessment Marking Criteria 123 TMP H - Assessment Marking Criteria.docx 123 TMP H - Assessment Marking Criteria.docx Student Name Student Number Unit Code/s & Name/s FNSTPB402 Establish & maintain payroll systems Cluster Name If applicable N/A Assessment Type ☐ Assignment ☐ Project ☐ Case Study ☒ Portfolio ☐ Third Party Report (Workplace) ☐ Third Party Report (Peer) ☐ Other Assessment Name Assessment 1 Assessment Task No. 1 of 3 Assessment Due Date Date Submitted /