Ave income $64k
45 x 1.6 = 72k
here...
even you might be able to work it out ......
Taxable income
Tax on this income
$1 – $6,000
Nil
$6,001 – $34,000
15c for each $1 over $6,000
$34,001 – $80,000
$4,200 plus 30c for each $1 over $34,000
$80,001 – $180,000
$18,000 plus 40c for each $1 over $80,000
$180,001 and over
$58,000 plus 45c for each $1 over $180,000
works out to be $46,801 after tax.
1.6 x 46,801 = $74,881
yeah your correct I had it worng...its acuatlly higher
lol...pmsl
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