question archive Sally's assessable income as of 2017/18 is $126,000
Sally's assessable income as of 2017/18 is $126,000
Subject:FinancePrice: Bought3
Sally's assessable income as of 2017/18 is $126,000. She has $924 allowable deduction. How much is Sally's individual income tax payable?
Taxable Income Tax on this income
0 - $18,200 0
$18,201 - $37,000 19c for each $1 over $18,200
$37,001 - $87,000 $3,572 plus 32.5c for each $1 over $37,000
$87,001 - $180,000 $19,822 plus 37c for each $1 over $87,000
$180,001 and over $54,232 plus 45c for each $1 over $180,000
