Sooner or later, the Federal Reserve will have to raise interest rates, and this will affect you and every other investor in the United States. Regardless of when it happens, the Federal Reserve will begin increasing the federal funds rate from its current range of zero to 0.25%.
The current tax-free threshold is $18,200, and the highest marginal rate for individuals is 47%. In addition, most Australians are liable to pay the Medicare levy, of which the standard is 2% of taxable income.he Low Income Tax Offset (LITO) is a tax rebate for individuals on lower incomes. From 1 July 2010 it provides individuals earning less than $30,000 with a tax rebate of $445.
You pay tax at 20% (after your tax-free allowance), so the extra tax on your Â£338 bonus would be Â£67.60 â but you will also have to pay additional National Insurance at 12% â another Â£40.56. I would therefore expect the total extra deductions on your bonus to be Â£108.16.