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This is for the final exam provided its an open book. Extremely useful....

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Tables (1) Chapter 10: Individual Taxation Resident Tax Rates 2019 – 2020 Taxable Income

Tax on this income

$0 – $18 200 $18 201 – $37 000

NIL 19c for each $1 > $18 200

$37 001 – $90 000 $90 001 – $180 000

$3 572 + 32.5c for each $1 over $37 000

$180 000 and over

$20 797 + 37c for each $1 over $90 000 $54 097 + 45c for each $1 over $180 000

Foreign Tax Rates 2019 – 2020 Taxable Income

Tax on this income

$0 – $90 000 $90 001 – $180 000 $180 001 and over

32.5c for every $1 $29 250 plus 37c for each $1 over $90 000 $62 550 plus 45c for each $1 over $180 000

Tax Free Threshold Formula to pro-rate threshold (part year) $13$464 + ($4$736 ∗ 𝑀𝑜𝑛𝑡ℎ𝑠$𝑖𝑛𝑑𝑖𝑣𝑖𝑑𝑢𝑎𝑙 $𝑖𝑠$𝑎$𝑟𝑒𝑠𝑖𝑑𝑒𝑛𝑡) 12$𝑚𝑜𝑛𝑡ℎ𝑠 Full Year = $18 200 Medicare Levy Medicare Levy Payable (full) Individual Taxpayer =...