payroll tax

Question

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?&nbsp;&nbsp;&nbsp;&nbsp;

princess_r · Accepted Answer

Hi podtimbo,
&nbsp;
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.
&nbsp;
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.
&nbsp;
Please feel free to create a new post again if you need help in the future. I'm happy to assist.
&nbsp;
Cheers,
Princess
&nbsp;

podtimbo · Answer

Thank&nbsp; you&nbsp; for your reply. My&nbsp; question&nbsp; was&nbsp; not&nbsp; specific&nbsp; enough for&nbsp; the&nbsp; answer&nbsp; i wanted .Without&nbsp; personal advice&nbsp; my&nbsp; question is , there is&nbsp; &nbsp; a&nbsp; difference&nbsp; of&nbsp; tax taken from&nbsp; my&nbsp; employee in a&nbsp; fortnightly&nbsp; pay , from the&nbsp; tax&nbsp; tables&nbsp; online (&nbsp; most&nbsp; recent&nbsp; tables )&nbsp; &nbsp;, and the&nbsp; ammount&nbsp; MYOB calculates is a&nbsp; difference&nbsp; of&nbsp; $184. I&nbsp; believe&nbsp; we&nbsp; have&nbsp; ticked&nbsp; all&nbsp; the&nbsp; correct&nbsp; boxes (&nbsp; including&nbsp; tax&nbsp; free threshhold). My&nbsp; questions&nbsp; are&nbsp; , does MYOB&nbsp; &nbsp;calculate&nbsp; the correct&nbsp; tax&nbsp; to&nbsp; be&nbsp; withheld (&nbsp; with&nbsp; respect&nbsp; to tax&nbsp; tables ) . I&nbsp; see that&nbsp; there is a&nbsp; benifit&nbsp; in&nbsp; paying&nbsp; nore tax&nbsp; (&nbsp; ie&nbsp; refund at end&nbsp; of&nbsp; year ) , but&nbsp; with&nbsp; cost of&nbsp; living living&nbsp; pressures&nbsp; paying&nbsp; and&nbsp; extra&nbsp; 4 grand&nbsp; per&nbsp; year&nbsp; is&nbsp; difficult&nbsp; for the&nbsp; employee.

podtimbo · Answer

OMG&nbsp; I apologise&nbsp; , we have just&nbsp; worked it out&nbsp; !&nbsp; SHe was being&nbsp; taxed&nbsp; at&nbsp; a WEEKLY not&nbsp; fortnighly rate ! Tyhat&nbsp; solves the issues ........

leneth_a · Answer

Hi podtimbo,&nbsp;&nbsp;Thanks for updating us. We are glad to hear that it is now working and thank you for marking the post of our moderator as an accepted solution. We are grateful for your patience and understanding throughout the process.&nbsp;&nbsp;
In case you have any further queries, please feel free to return to the Community Forum. Our team is always here to help.&nbsp;&nbsp;Cheers,&nbsp;Leneth

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payroll tax

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