in_love_with_him

and if i earn 10,000 dollas as a part time how much have i got to pay? i get paid by my abn

Lazarus

Generally what the ABN was designed to do was to stop the cash economy. Every business was required to get one on its commencement hence why it is called an Australian Business Number. If you don't have an ABN the person you have done paid work for is required to withhold 46.5% of the total amount that you were to be paid (46.5% being the top marginal rate of 45% + 1.5% medicare levy). In your comment, if you earned $10,000 then the person/business who you did the work for is required to withhold $4,650 of that money and forward it to the tax office.As far as how tax works, you will submit your total income (and total expenses) in your tax return as business income and expenses. You will then pay tax on the business taxable income, similar to if you had wage income but you do not have an employer so you would not have PAYG withholding tax. If you continue your business over several years you may be required by the ATO to submit PAYG instalment tax to cover any potential tax liability you may have with the ATO.