 # Press Ctrl-A ©G Dear 2009 – Not to be sold/Free to use Calculating Tax Stage 6 - Year 11 General Mathematics Preliminary.

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Press Ctrl-A ©G Dear 2009 – Not to be sold/Free to use Calculating Tax Stage 6 - Year 11 General Mathematics Preliminary

2 Calculating Tax (1/6) Table Table Tax is calculated by: eg \$36 000 1. Finding the Taxable Income group. 2. Finding the Base Tax. \$30 001 -\$80 000 \$3 600 3. Finding the extra income. \$36 000- \$30 000 = \$6 000 4. Finding the tax on the extra income. = \$6 000x \$0.30= \$1 800 4. Finding the total tax.= \$3 600 + \$1 800 = \$5 400

3 Calculating Tax (3/6) Calculate tax on: eg \$186 000 Tax =\$58 600+ \$0.45 x(\$186 000 - \$180 000) = \$61 300

4 Calculating Tax (4/6) Calculate tax on: eg \$76 000 Tax =\$3 600+ \$0.30 x(\$76 000 - \$30 000) = \$17 400

5 Calculating Tax (5/6) Calculate tax on: eg \$5 600 Tax =\$0

6 Calculating Tax (6/6) Calculate tax on: eg \$24 000 Tax =\$0+ \$0.15 x(\$24 000 - \$6 000) = \$2 700

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