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.
Use our calculator to work out your deduction and how much you need to pay. You need to pay payroll tax in Queensland if you are an employer (or group of employers) who employs in Queensland and your Australian taxable wages exceed the payroll threshold of $1.1 million a year.Deductions, rebates and exemptions may apply.ou can use the formula and calculator below to work out how much payroll tax you need to pay, known as your payroll tax liability. Subtract any deduction (calculated on your Australian taxable wages) from your total Queensland taxable wages, then multiply this amount by the current payroll tax rate (4.75%).