Incorrect PAYG Tax on HECS employees

Legacy KB ID: 1774

Question

Is the PAYG tax calculating correctly on employees paying HECS?

Answer

For employees on a salary of below $64,800 per annum the PAYG will calculate correctly, for employees above this the PAYG amount may calculate incorrectly.


To prevent the chance of any miscalculations occurring install the following update for Service Pack 2;
https://library.reckon.com.au/library/exe/QB2004taxtable.exe

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