1 Taxation Press Ctrl-A ©2009 – Not to be sold/Free to use Stage 5 Year 9

2 Taxable Income (1/5) Taxable Income = Gross Income + Other Income - Tax Deductions Tax Man taxable income The Tax Man allows you to reduce taxable income for expenses like uniforms End of Slide

3 Taxable Income (2/5) Taxable Income End of Slide Margaret has a gross salary of $52,300 per annum. She has tax deductions of $3,700. Taxable Income = $52,300 - $3,700 = $48,600

4 Taxation Tables (3/5) $ Tax on $ $4 200 = $4 200 $ $0.30 (55000 – 34000) x (55000 – 34000) $ = $ End of Slide

5 Taxation Tables (4/5) $ Tax on $ $0 = $0 $ $0.15 ($ – $6000) x ($ – $6000) $600 = $600 End of Slide

6 Medicare Taxation Tables (5/5) $ Levy on $ = $ x $ $825 = $825 $ Levy on $ = 0 Medicare Calculator Medicare Calculator End of Show