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

2. 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. 3 Calculating Tax (3/6) Calculate tax on: eg $186 000 Tax =$58 600+ $0.45 x($186 000 - $180 000) = $61 300

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

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

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