Synergy Information

OPTIONS FOR THE UNEMPLOYED

UnemployedUnemployedThis is part 3 of a series of 5

Part 1             

Part 2             

Part 3              

Part 4             

Part 5              

All 5 parts here

STARTING YOUR OWN BUSINESS

Published in Budget 2015

TAXATION

taxThis is part 1 of a 5 part series

Part 2             

Part 3              

Part 4             

Part 5              

All 5 parts here

Under the Tax Credit system, Tax Payable = Gross Tax minus Tax Credits.
Gross tax liability is calculated on your total income (after deduction of superannuation and permanent health benefit) by applying 20% to income up to your standard rate cut-off point and 40% on the remainder. The cut-off point in 2015 will be:

Published in Budget 2015
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