question archive The Information: An electrician has a contract with a real estate agency to make repairs to tenanted premises when problems are reported
The Information: An electrician has a contract with a real estate agency to make repairs to tenanted premises when problems are reported
Subject:LawPrice: Bought3
The Information:
An electrician has a contract with a real estate agency to make repairs to tenanted premises when problems are reported. During 2019/20, the electrician issues invoices to the agency for $23,000 for work that he carried out during the period. He does not provide his Australian Business Number on the invoices but supplies his bank details so that payment can be made into his account.
The question :
Assuming the agency complies with its obligations under tax law, how much would the agency deposit into the electrician's account?
My Assumption :
In this case the electrician failed to quote his ABN right, so shouldnt the amount be calculated with the highest marginal tax rate. What is the australia highest marginal tax rate?
