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tax help (1 Viewer)
- Thread starter choco
- Start date
LeftrightOut
Needs more cowbell
24 what? dollars? percent?
Add up your income to be yearly not weekly. Then go to the ato website, have a look at the tax rates and it will tell you how much tax you should pay for that income. Then have a look at how much tax you've actually paid or your employer has paid on your behalf. If you have paid more tax than you were supposed to then you will get it back. If you paid less than you were supposed to you will have to pay extra. You will also get a group certificate at the end of the financial year that will show you how much you have made and how much tax you've paid.
The main site
http://www.ato.gov.au
The tax rates
http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm&mnu=5053&mfp=001
A simple tax calculator
http://calculators.ato.gov.au/scripts/axos/axos.asp?CONTEXT=&KBS=Stax001i.xr4&go=ok
Add up your income to be yearly not weekly. Then go to the ato website, have a look at the tax rates and it will tell you how much tax you should pay for that income. Then have a look at how much tax you've actually paid or your employer has paid on your behalf. If you have paid more tax than you were supposed to then you will get it back. If you paid less than you were supposed to you will have to pay extra. You will also get a group certificate at the end of the financial year that will show you how much you have made and how much tax you've paid.
The main site
http://www.ato.gov.au
The tax rates
http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm&mnu=5053&mfp=001
A simple tax calculator
http://calculators.ato.gov.au/scripts/axos/axos.asp?CONTEXT=&KBS=Stax001i.xr4&go=ok
so, if that's all you make all year (254.6) yes, you will claim it back because in the year u would have made less than $6000. If you multiply it by 52, i got that you would make 13 260 in a year, so because you made over $6000 you will not be able to claim it back.
do you understand the tax brackets thing?
http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm&mnu=5053&mfp=001
$0 – $6,000 Nil - first 6000 you make is tac free
6,001 – $21,600 - 17c for each $1 over $6,000 - so for each dollar you earn ober 6000, but up to 21 600 you will pay 17c in tax. this is the tax bracked you will fit into with a wage of 13 260.
so you'll get 6000 tax free
7260 is left. for this 7260 you will pay 17c in each dollar in tax. that's $1324 in tac (7260 x 17c = 7260 x 0.17). that seems like a lot!
do you understand the tax brackets thing?
http://www.ato.gov.au/individuals/content.asp?doc=/content/12333.htm&mnu=5053&mfp=001
$0 – $6,000 Nil - first 6000 you make is tac free
6,001 – $21,600 - 17c for each $1 over $6,000 - so for each dollar you earn ober 6000, but up to 21 600 you will pay 17c in tax. this is the tax bracked you will fit into with a wage of 13 260.
so you'll get 6000 tax free
7260 is left. for this 7260 you will pay 17c in each dollar in tax. that's $1324 in tac (7260 x 17c = 7260 x 0.17). that seems like a lot!
cro_angel
<3<3<3
like iambored said
up to $6000 you get it all back (prob around $300-$400 depending on how much you have paid which depends on your hours..)
if you earn over that.. you will get most of it back but not all
up to $6000 you get it all back (prob around $300-$400 depending on how much you have paid which depends on your hours..)
if you earn over that.. you will get most of it back but not all
biggles04
Banned
...it's not...Wait til you're full time on a salaryiambored said: