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.
This amount represents the total amount of salary earned by an employee before any deductions are made for EPF, SOCSO and income tax. Employee Deductions represents the individual amount of contribution made to EPF, SOCSO and the income tax payable for each employee based on the gross salary on a per month basis.mployee Deductions represents the individual amount of contribution made to EPF, SOCSO and the income tax payable for each employee based on the gross salary on a per month basis.