Working Holiday tax calculation
Hi, Can anyone help or assist on how to fix working holiday tax calculation? In Employee card tax setup correctly to working holiday maker-registered. Country also entered. But when amount entered, ...
Forum Discussion
Hi Doreen,
Thanks for the reply.
I’m pointing more towards wrong tax calculation in MYOB Accountright. MYOB provides a selection of working holiday tax rate but it’s not calculate correctly. It’s misleading.
Cheers,
Hi JunP,
The tax calculation you're seeing for Working Holiday Makers is spot on! For income between $0 and $45,000, the tax rate is 15%. So, with $900 in wages, that 15% equals $135—math checks out perfectly.If you’d like to double-check the calculation, just head to the employee card.
- Click on Payroll Details.
- Select Taxes.
- Hit the arrow next to PAYG Withholding.
- In the Tax Table Information, make sure to choose Working Holiday Maker from the dropdown for accurate calculations and percentages.
For deeper insights, feel free to explore this help page! PAYG tax tables
And hey, when it comes to tricky details like tax thresholds, it’s always a good idea to chat with an accountant—they’re the real pros at untangling the finer points!
I hope this helps!
Regards,
Earl
