How to calculate the Medicare levy adjusHow to calculate the Medicare levy adjustment

How to calculate the Medicare levy adjustment

To calculate the Medicare levy adjustment, your software program will need to be able to distinguish those payees who have answered Yes to question 9 and No to question 12 of the Medicare levy variation declaration from those payees who have answered Yes to question 12. Where payees have answered Yes to question 12, the software must be able to store the number of dependants shown against this question on the declaration.

For payees with weekly earnings of:

 $325 or more where Scale 2 is applied
 $551 or more where Scale 6 is applied, or
 $330 or more where Scale 7 is applied,

you will need to calculate the weekly family threshold and shading out point, before calculating the weekly levy adjustment.

Image unavailable in extracted text Values used in the calculations below may be regarded as variables.