Can you please tell me what the tax amount on $2030 for a fortnight for a single person, claiming the no tax threshold, paying a medicare levy with no hecs debt?
Hi @podtimbo,
Thank you for your post. I'd like to extend you a warm welcome to the Community Forum. I hope you find it a valuable resource.
Regarding your concern with the tax calculation, please refer to our Help article, Taxes, which has detailed information regarding this. However, since the tax tables are set by the ATO, please refer to this link for further assistance. You may also check the tax calculation from the Tax Withheld for Individuals calculator. As we can't provide tax advice, I highly recommend speaking to your accountant or bookkeeper for tax calculations.
Please feel free to create a new post again if you need help in the future. I'm happy to assist.
Cheers,
Princess
Thank you for your reply. My question was not specific enough for the answer i wanted .Without personal advice my question is , there is a difference of tax taken from my employee in a fortnightly pay , from the tax tables online ( most recent tables ) , and the ammount MYOB calculates is a difference of $184. I believe we have ticked all the correct boxes ( including tax free threshhold). My questions are , does MYOB calculate the correct tax to be withheld ( with respect to tax tables ) . I see that there is a benifit in paying nore tax ( ie refund at end of year ) , but with cost of living living pressures paying and extra 4 grand per year is difficult for the employee.
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