Question nearly duty (austalia)?
im 15 and making over 10000 a year from a home business LEGITIMATELY. approximately how much tax will i involve to pay?
Answers: My mother works for the ATO and have done my tax return since I be 14.
You make $10 000 so you stumble in this bracket
$6,001 – $30,000
Which is
15c for respectively $1 over $6,000
If you keep adjectives your dockets for clothes and so forth that you buy for work you should get %100 of you duty back.
You can recieve $500 excise back in need any dockets.
Income of minors
A minor is a person who is below 18 years of age. Special rules apply to the income of minors.
Under these rules, certain types of income received by minors may be tax at higher rates.
However, minors who are residents of Australia do not hold to lodge a tax return if they earn smaller amount than $1,334 in 2006-07. This is because the low income levy offset of $600 offset the tax payable on income smaller quantity than $1,334. Since you earn more then this after you will pay charge, but don't worry it is not alot.
Wow - what's the business?? I want contained by !!
I know for the first $7,000 you make is not tax, after than I am not sure. If you are making that much and self employed, you will have to start looking into PAYE and register for GST .. hope someone else can sustain you more.
you might have to research the Australia Tax Office website. http://ato.gov.au
Income earn by minors through their own exertion is excepted income upon which minors pay the monotonous rates of tax on:
http://www.ato.gov.au/individuals/conten...
You'll want to lodge a tax return if your income is from business. After claiming the low income export tax offset, no due on $10,000 taxable income or less. Otherwise, 15c for respectively $1 over $6,000 up to $29,999. Plus Medicare Levy, if applicable, and less the low income duty offset of up to $600 to drain gross tax payable.
http://www.ato.gov.au/individuals/conten...
You'll salary less charge if you claim expenses as deductions.
You are not required to register for GST until your gross current or projected turnover form business is over $75,000. Minors don't hold to have an ABN if their business income is smaller number than $6,000 a year:
http://www.ato.gov.au/corporate/content.
Have you got an ABN?
http://www.ato.gov.au/businesses/content...
http://calculators.ato.gov.au/scripts/ax...
look do what every other greedy aussie does, dont lodge a return and save all you can !you earn it ! a lot of money for a young-looking man .what in the hell are you doing on here answering question and asking them ? and you reckon you earn that much in 1 year ,boy im contained by the wrong job ,ps what do you do? would the tangible kevin rudd please stand up!
Disability put somebody through the mill?
My 16 year aged son have of late started a available job whitch pays him 250 pounds a week gross how much will he be tax?
What is the diff. b/w 'West's Federal Tax Research' and 'Federal Tax Research'? Both are by like author.
I get a call for from the state of maine right to be heard I didn't record for taxes for a few years.?
Amending a return submitted online??
Answers: My mother works for the ATO and have done my tax return since I be 14.
You make $10 000 so you stumble in this bracket
$6,001 – $30,000
Which is
15c for respectively $1 over $6,000
If you keep adjectives your dockets for clothes and so forth that you buy for work you should get %100 of you duty back.
You can recieve $500 excise back in need any dockets.
Income of minors
A minor is a person who is below 18 years of age. Special rules apply to the income of minors.
Under these rules, certain types of income received by minors may be tax at higher rates.
However, minors who are residents of Australia do not hold to lodge a tax return if they earn smaller amount than $1,334 in 2006-07. This is because the low income levy offset of $600 offset the tax payable on income smaller quantity than $1,334. Since you earn more then this after you will pay charge, but don't worry it is not alot.
Wow - what's the business?? I want contained by !!
I know for the first $7,000 you make is not tax, after than I am not sure. If you are making that much and self employed, you will have to start looking into PAYE and register for GST .. hope someone else can sustain you more.
you might have to research the Australia Tax Office website. http://ato.gov.au
Income earn by minors through their own exertion is excepted income upon which minors pay the monotonous rates of tax on:
http://www.ato.gov.au/individuals/conten...
You'll want to lodge a tax return if your income is from business. After claiming the low income export tax offset, no due on $10,000 taxable income or less. Otherwise, 15c for respectively $1 over $6,000 up to $29,999. Plus Medicare Levy, if applicable, and less the low income duty offset of up to $600 to drain gross tax payable.
http://www.ato.gov.au/individuals/conten...
You'll salary less charge if you claim expenses as deductions.
You are not required to register for GST until your gross current or projected turnover form business is over $75,000. Minors don't hold to have an ABN if their business income is smaller number than $6,000 a year:
http://www.ato.gov.au/corporate/content.
Have you got an ABN?
http://www.ato.gov.au/businesses/content...
http://calculators.ato.gov.au/scripts/ax...
look do what every other greedy aussie does, dont lodge a return and save all you can !you earn it ! a lot of money for a young-looking man .what in the hell are you doing on here answering question and asking them ? and you reckon you earn that much in 1 year ,boy im contained by the wrong job ,ps what do you do? would the tangible kevin rudd please stand up!