Mareea replied to the topic Working the figures in the forum Hi
Just to let you know when 17 years, 2 months agoHiJust to let you know when you earn $100,000 you are not charged the top tax rate for the whole 100,000. The 2007-08 rates are1 – 6000 Nil tax6001 – 30,000 15c30,001 – 75,000 30c75,001 – 150,000 40cso I think if you calculate this out it comes to 27,000 tax on 100,000 plus your medicare levy.I hope this helps, you can go into the ATO's webs…[Read more]