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Old 13-04-08   #1
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Default How much Tax deducation? - Australian?

I'm working as a Trainee (in Australia) earning $12.72 p/h, so my average 37 hour week brings in $470 before tax. How much tax will be taken from my wage? I use to have a tax deduction sheet, but lost it, I know some people have them lying around the home if they own a business etc.
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Old 13-04-08   #2
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Default How much Tax deducation? - Australian?

everything is online now it might be easier to just use this calculator from the ATOhttp://www.ato.gov.au/scripts/taxcalc/calc_standard_hire.aspcheers
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Old 13-04-08   #3
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Default How much Tax deducation? - Australian?

Assuming you are paid weekly, have no spouse and this is your only job and you are claiming your taxfree from this employer, the tax deduction should be $61 per week, giving you a net wage of $409 per week.
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Old 13-04-08   #4
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Default How much Tax deducation? - Australian?

If you are looking for a printable table for withholing tax you can download it here.http://www.ato.gov.au/content/downloads/n1005-05-2007.pdfFor the average resident taxpayer not claiming any discounted tax withholding and income coming from one employer use the income amount from column 1 and the tax withheld from column 3, for a second or subsequent job held at the same time the tax withheld would come from column 4.This table is for the 2007/08 financial year, and the tables are updated for each financial year.
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