What is the low income tax offset?

Lily Carter | 2023-06-13 04:29:54 | page views:1953
I'll answer
Earn 20 gold coins for an accepted answer.20 Earn 20 gold coins for an accepted answer.
40more

Ethan Gonzales

Works at the International Atomic Energy Agency, Lives in Vienna, Austria.
The offset can only reduce the amount of tax you pay to zero and it does not reduce your Medicare levy. If your taxable income is less than $66,667, you will get the low income tax offset. The maximum tax offset of $445 applies if your taxable income is $37,000 or less.May 23, 2016
2023-06-13 04:29:54

Charlotte Edwards

QuesHub.com delivers expert answers and knowledge to you.
The offset can only reduce the amount of tax you pay to zero and it does not reduce your Medicare levy. If your taxable income is less than $66,667, you will get the low income tax offset. The maximum tax offset of $445 applies if your taxable income is $37,000 or less.May 23, 2016
ask:3,asku:1,askr:137,askz:21,askd:152,RedisW:0askR:3,askD:0 mz:hit,askU:0,askT:0askA:4