CTHRepealedLegislation
Taxation Administration Act 1953 - Withholding Schedules 2005 (2004 Budget Changes)
Formulas for calculating the SFSS componFormulas for calculating the SFSS component
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Formulas for calculating the SFSS component
The formulas comprise linear equations of the form y = ax, where y is the weekly SFSS component expressed in dollars, and x is the number of whole dollars in the weekly earnings – or weekly equivalent of earnings – plus 99 cents. The value of the coefficient a for the formulas is shown in the table below.
| Weekly earnings — x$ | Component rate — a% |
|---|---|
| 0 – 748.99 | 0 |
| 749 – 850.99 | 2.0 |
| 851 – 1,193.99 | 3.0 |
| 1,194 & over | 4.0 |
The rates above apply to the total earnings of the payee.