Hi,
I'm a little confused, how does the Australian income tax work, when I put in my wifes potential income in an income calculator it comes back saying she has to pay $15,641.00 p/y and another even said $22,000?? tax year is 2016 annual $70078 9.5% super, no of the below selected.
Includes Superannuation
Non-Resident
Exclude tax-free threshold
HELP and TSL
Student Loan
Withhold Tax Offsets
Income
Income
Your Salary:$ 70078 Annually Monthly Fortnightly Weekly Daily Hourly
Tax year:201220132014201520162017
Superannuation:9.5 %
Options
Includes Superannuation
Non-Resident
Exclude tax-free threshold
HELP and TSL
Student Loan
Withhold Tax Offsets
[TABLE=class: resultTable, width: 728]
[TR=class: head]
[TH=bgcolor: #68991E]2015 - 2016[/TH]
[TH=bgcolor: #68991E, align: center]Weekly[/TH]
[TH=bgcolor: #68991E, align: center]Fortnightly[/TH]
[TH=bgcolor: #68991E, align: center]Monthly[/TH]
[TH=bgcolor: #7DAF26, align: center]Annually[/TH]
[/TR]
[TR=class: foot]
[TH=bgcolor: #666666, align: left]Pay[/TH]
[TD=bgcolor: #666666, align: right]$1,044.65[/TD]
[TD=bgcolor: #666666, align: right]$2,089.31[/TD]
[TD=bgcolor: #666666, align: right]$4,526.83[/TD]
[TD=bgcolor: #707070, align: right]$54,354.00[/TD]
[/TR]
[TR=class: sub]
[TH=bgcolor: #444444, align: left]Taxable Income[/TH]
[TD=bgcolor: #444444, align: right]$1,347.65[/TD]
[TD=bgcolor: #444444, align: right]$2,695.31[/TD]
[TD=bgcolor: #444444, align: right]$5,839.83[/TD]
[TD=bgcolor: #484848, align: right]$70,078.00[/TD]
[/TR]
[TR=class: sub]
[TH=bgcolor: #444444, align: left]Superannuation *[/TH]
[TD=bgcolor: #444444, align: right][$128.03][/TD]
[TD=bgcolor: #444444, align: right][$256.05][/TD]
[TD=bgcolor: #444444, align: right][$554.78][/TD]
[TD=bgcolor: #484848, align: right][$6,657.41][/TD]
[/TR]
[TR=class: subs]
[TH=bgcolor: #444444, align: left]Total Taxes[/TH]
[TD=bgcolor: #444444, align: right]$303.00[/TD]
[TD=bgcolor: #444444, align: right]$606.00[/TD]
[TD=bgcolor: #444444, align: right]$1,313.00[/TD]
[TD=bgcolor: #484848, align: right]$15,724.00[/TD]
[/TR]
[TR=class: detail]
[TH=bgcolor: #333333, align: left]Income Tax[/TH]
[TD=bgcolor: #333333, align: right]$276.05[/TD]
[TD=bgcolor: #333333, align: right]$552.09[/TD]
[TD=bgcolor: #333333, align: right]$1,196.20[/TD]
[TD=bgcolor: #373737, align: right]$14,322.00[/TD]
[/TR]
[TR=class: detail]
[TH=bgcolor: #333333, align: left]Medicare1[/TH]
[TD=bgcolor: #333333, align: right]$26.95[/TD]
[TD=bgcolor: #333333, align: right]$53.91[/TD]
[TD=bgcolor: #333333, align: right]$116.80[/TD]
[TD=bgcolor: #373737, align: right]$1,401.56[/TD]
[/TR]
[TR=class: detail]
[TH=bgcolor: #333333, align: left]Other taxes and Levies2[/TH]
[TD=bgcolor: #333333, align: right]$0.00[/TD]
[TD=bgcolor: #333333, align: right]$0.00[/TD]
[TD=bgcolor: #333333, align: right]$0.00[/TD]
[TD=bgcolor: #373737, align: right]$0.00[/TD]
[/TR]
[TR=class: detail]
[TH=bgcolor: #333333, align: left]Tax Offsets3[/TH]
[TD=bgcolor: #333333, align: right]$0.00[/TD]
[TD=bgcolor: #333333, align: right]$0.00[/TD]
[TD=bgcolor: #333333, align: right]$0.00[/TD]
[TD=bgcolor: #373737, align: right]$0.00[/TD]
[/TR]
[/TABLE]