Income Tax Aus

___ is money paid to the government.

tax ____ is the percentage of income paid as tax

Expenses incurred in the course of your employment that reduce your taxable income

• Tax Deduction

• Taxable Income

• Net Income

• Marginal Rate

The amount of money you have after paying tax and medicare leve

• Tax Deduction

• Taxable Income

• Net Income

• Marginal Rate

The amount of money you have after paying tax and medicare levy

• Tax Deduction

• Taxable Income

• Net Income

• Marginal Rate

The rate (percentage) that you would pay on additional money earnt

• Tax Deduction

• Taxable Income

• Net Income

• Marginal Rate

Kel earns a gross pay of $3 848 per month.  Each month he has the following deductions;    tax $1 354, superannuation $287, insurances $186 and union fees $136.90.

Mathematical Equivalence

ON