CTHRepealedLegislation
Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Calculation of weekly earningsCalculation of weekly earnings
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Calculation of weekly earnings
The method of determining the weekly earnings (x) for the purpose of applying the formulas is as follows:
Example:
| Weekly income | $367.59 |
|---|---|
| Add allowance subject to withholding | $9.50 |
| Ignore cents | $377.00 |
| Add 99 cents | $0.99 |
| Weekly earnings | $377.99 |