2 jobs? (1 Viewer)

[Ranger Stacie]

i was thinking of getting another job, but decided it wouldnt be worth it cos i didnt want to pay heaps of tax
i have a second job working for a tutoing agency and its a bit dodgy, i havent filled out a tax declaration form, and i dont pay tax at all for them

 

[iambored]

so tax wise, is it better to have 1 job and do lots of hours there rather than 2 jobs splitting the hours? i don't really understand the taxing on the 2nd job and i don't see the need for it.

 

[jhakka]

how many of you guys have 2 jobs?

I'm worried about getting one job right now.

 

[LeftrightOut]

so tax wise, is it better to have 1 job and do lots of hours there rather than 2 jobs splitting the hours? i don't really understand the taxing on the 2nd job and i don't see the need for it.

It doesn't matter in the end because you get taxed on your TOTAL income for the year. You might end up paying a little bit extra tax through the year but you will get it back at the end of the tax year when you file your claim. It's not like they say "You have a second job I see, well we can't have people working 2 jobs. Give us all your money you made on your second job!" they just cut out the threshold and charge accordingly. Try and find a family friend who is a tax accountant and have them explain it to you as there is a bit of math involved and on a forum i'm not sure exactly which concept you might get stuck on.

It depends on how much money you make in either job not how many hours you work, the government is after your money not your workload. Generally you pay less through the year if you split the jobs and earn a very high income (say 40k + 40k) because both workplaces work off the idea you only earn 40k a year and pay tax for you on that. HOWEVER come tax time you will get a fairly big tax bill and crap your pants if you haven't budgeted for it. If you earn 80k at one job they would pay tax after you as if you earnt only 80k a year.

If you're dealing with smaller amount of income the splitting could mean they pay more tax in and you just get a refund.

A lot of adults still have no idea about how tax works so don't feel down if you haven't grasped every single concept yet, that's why tax specialists exist.

 

[iambored]

thanks for that. so i don't see the big deal about being taxed more on the 2nd job if you'll get it back, it's like they're saving it for you.


i just saw your sig -
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Many others I forget and never list anymore

i thought you were a year 12 student since you're new on the forum.

 

[LeftrightOut]

thanks for that. so i don't see the big deal about being taxed more on the 2nd job if you'll get it back, it's like they're saving it for you.

People fear and loathe what they do not understand Plus many argue they would rather have their money right away instead of the government getting a free loan of it.

i just saw your sig -
Courses
BCompSci(dropped out) | BInfoTech (InfoTechMngt/Mrkting) | DipMrktRsrch
Cert 4 Workplace T&A | GradDipAdultVocEd (current) | MOnlineEd (current)
Many others I forget and never list anymore

i thought you were a year 12 student since you're new on the forum.

Naw I finished Year 12 when it was still a TER mark (1997). Saw of people stressing about uni and life after school so thought i'd join up and dispense info That's why I like giving advice on job apps and so on as i've been through the starting up phase and it sucks when you don't get any decent tips. Although the school career advisor would be able to effectively answer the questions if students asked, same with the specific uni and TAFE policies, ask the people who are in charge, they won't bit your head off, and if they do just spend your money elsewhere

 

[~~Jess~~]

i have 2 jobs which are both yet to start. i just got a job today, at civic video, training starts on sunday and i will have a job in the new rhodes devolopment soon too. but civic is my first priority and im scared to tell the other lady :S

 

[ZabZu]

I'm worried about getting one job right now.

Im in jhakka's boat

 

[dafidav]

i got 2 jobs

one at oporto and one at target

 

[mushroom_head]

i've got 2 jobs too. I work at new zealand icecream (scooping the icecream kills ur hand!) and also at a tuition place with little kids.
I'm not so much worried about the tax since i won't earn over $6000 and i'm not a big spender anyway

 

[Cactus]

I'm not so much worried about the tax since i won't earn over $6000 and i'm not a big spender anyway

The $6000 threshold applies only for 1 payer, you still have to pay tax on the 2nd job......If your total income is below the taxable threshold at the end of the year you can claim the tax you paid on the 2nd job back

 

[choco]

i don't get the whole tax thing.. anyway i have one job and pay tax..how much can i claim back ? what is the treshold per week? for tax.

 

[Cactus]

If you're under 18, $6000 with one payer is tax free. This can only be claimed with 1 payer though.

Your return at the end of the year is dependent on what your total income was, and how much your employer automatically took out of your pay......

 

[choco]

$6000 per week?

 

[Xayma]

Per year.

The first $6000 is tax free.

 

[choco]

how about over 18?

 

[iambored]

how about over 18?

any age, the tax free is the same - $6000

 

[§eraphim]

any age, the tax free is the same - $6000

who needs a 2nd job? i work full time - 36 hr wk!

 

[alien]

my bro has 3 jobs but he still only gets 30 hours a week... sometimes

 

[sugaryblue]

I am going two jobs at the moment during the Christmas period
so from last friday onwards, I have to work non-stop (literally) till after 27th!!!! that's a more than two weeks of work marathon. sounds scary eh?