Any tax experts out there? Australia?

Question

If a person earned $24,000 for the year and has paid $4200 tax roughly how much do they get back? What is an easy way of calculating what you are entiled to get back?

Answer 1

taxback.com   its who i used and am due a  nice fat bonus to my bank account tomorrow

Answer 2

i   recommend to do tax through the ATO -etax. they have tax calculators etc. you can enter how much you earnt and it will work out how much tax you should pay. make sure you include all donations such as world vision, even small ones as long as you have a receipt. also include all washing etc for any clothing  with the company logo.(e-tax will tell you how to work it out) include any thing at all that cost you to work. always remember to keep receipts.

Answer 3

The person should get $1,500.00 back if they had no other deductions to claim. The tax threshold is $6,000.00 meaning that you can earn $6000.00 and have no tax liability. Every dollar earned above that amount is taxed at $0.15( up to the next threshold). This person has earned $18,000.00 above the threshold. Therefore their tax liability is 18,000 x 15 cents, which equals $$2,700.00. Having paid $4,200.00 already they are entitled to a refund of $1,500.00

The link below takes you to a site showing tax thresholds and tax rates.

Answer 4

Best way to find out is to do it, submit your tax return and see how it goes