At MYOB we rock at payroll, the most important part of payroll is getting your payslip!
We have the following payslip rules:
- Pay period = per calendar month
- Gross income = annual salary / 12 months
- Income tax = based on the tax table provided below
- Net income = gross income - income tax
- Super = gross income x super rate
- All calculation results should be rounded to the whole dollar. If >= 50 cents round up to the next dollar increment, otherwise round down.
When supplied employee details: first name, last name, annual salary (positive integer) and super rate (0% - 50% inclusive), payment start date, generate pay slip information with name, pay period, gross income, income tax, net income and super.
The following rates for 2017-18 apply from 1 July 2017:
| Taxable Income | Tax on this Income |
|---|---|
| $0 - $18,200 | Nil |
| $18,201 - $37,000 | 19c for each $1 over $18,200 |
| $37,001 - $87,000 | $3,572 plus 32.5c for each $1 over $37,000 |
| $87,001 - $180,000 | $19,822 plus 37c for each $1 over $87,000 |
| $180,001 and over | $54,232 plus 45c for each $1 over $180,000 |
For example, the payment in March for an employee with an annual salary of $60,050 and a super rate of 9% is:
- pay period = Month of March (01 March to 31 March)
- gross income = 60,050 / 12 = 5,004.16666667 (round down) = 5,004
- income tax = (3,572 + (60,050 - 37,000) x 0.325) / 12 = 921.9375 (round up) = 922
- net income = 5,004 - 922 = 4,082
- super = 5,004 x 9% = 450.36 (round down) = 450
Generate a basic payslip application. You should be able to enter a single employee details, the application will generate a basic payslip.
Everything will be done via the console.
An example run through of of how this console would be...
Welcome to the payslip generator!
Please input your name: John
Please input your surname: Doe
Please enter your annual salary: 60050
Please enter your super rate: 9
Please enter your payment start date: 1 March
Please enter your payment end date: 31 March
Your payslip has been generated:
Name: John Doe
Pay Period: 01 March – 31 March
Gross Income: 5004
Income Tax: 922
Net Income:4082
Super: 450
Thank you for using MYOB!