What is australia income tax rate?

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Bailee Daugherty asked a question: What is australia income tax rate?
Asked By: Bailee Daugherty
Date created: Sat, Jul 10, 2021 11:20 AM
Date updated: Sun, Jun 26, 2022 11:35 PM

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Video answer: How is income tax calculated in australia

How is income tax calculated in australia

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Resident tax rates 2020–21

Taxable incomeTax on this income
0 – $18,200Nil
$18,201 – $45,00019 cents for each $1 over $18,200
$45,001 – $120,000$5,092 plus 32.5 cents for each $1 over $45,000
$120,001 – $180,000$29,467 plus 37 cents for each $1 over $120,000

Video answer: Australian income tax 20-21 | tax explained | how tax brackets work | tax basics

Australian income tax 20-21 | tax explained | how tax brackets work | tax basics

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