Tax Payable with deductions
Taxable Income | Tax on taxable income |
$0-$18200 | Nil |
$18201-$37000 | 19c for each $1 over $18200 |
$37001-$80000 | $3572 plus 32c for each $1 over $37000 |
Use the tax table above to calculate the tax payable on taxable income of $72000 if there are allowable deductions of $3100.
Important This is not a 'textbook on a screen' - this is an interactive learning system. Which means you have to 'act' to make it go.
Look through the options below and select the one you think is the best response. You will gain most benefit if you work the problem with pen and paper as you go, i.e. decide what you think is the correct option and write down what you think the result will be before you click. If the next step doesn't display, click another option.
What is first step when accounting for deductions?
==>>