How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Tax Robin Your Own Question

Tax Robin
Tax Robin, Tax Advisor
Category: General
Satisfied Customers: 13314
Experience:  15 plus years International Tax Law, Instructor
14155347
Type Your Australian Tax Question Here...
Tax Robin is online now
A new question is answered every 9 seconds

Doing my husbands tax, he grossed $58608 and paid $11.994 s

Customer Question

Hi :) doing my husbands tax, he grossed $58608 and paid $11.994 his return is saying he will only get approx. $341 back can you explain what would be the reason for this?
Submitted: 4 months ago.
Category: Australian Tax
Expert:  Tax Robin replied 4 months ago.

Hello

The reason is his tax rate and income.

The withholding just covered the true tax liability. The tax would be the 32.5c on the amount over $37000 ($7022.60) plus the $3572 which is $10594. He receives the difference back.

The tax rates are below

0 – $18,200 tax rate is Nil

$18,201 – $37,000 tax is 19c for each $1 over $18,200

$37,001 – $80,000 tax is $3,572 plus 32.5c for each $1 over $37,000

$80,001 – $180,000 tax $17,547 plus 37c for each $1 over $80,000

$180,001 and over $54,547 plus 45c for each $1 over $180,000