1 Press Ctrl-A ©G Dear2009 – Not to be sold/Free to use Deductions Health Fund Stage 6 - Year 11 Applied Mathematic (Preliminary General 1)

2 Private Health Tax Rebate Age of the oldest person covered by the policy* Amount of rebate Less than 65 years30% of the amount of premium paid 65 years to under-70 years 35% of the amount of premium paid 70 years or over40% of the amount of premium paid The percentage amount of the rebate. It can be claimed directly from the Health Fund or as part of your annual tax refund

3 Choose a Health Fund Weekly = $46.55 x 12 months÷ 52 weeks = $10.74 per week

4 Calculating the take home pay. Max earns $802 per week as a bus driver Tax = $180 Super = x $802 = $48.12 Health Fund = $10.74 Take Home Pay = $802 - $180 PayTax - $48.12 Super - $10.74 Health = $563.14