51ºÚÁÏ

Grades: 9th to 12th

Calculating Tax on Income in Australia

Calculating Tax on Income in Australia workbooks to help students learn

and understand:

how to calculate gross incomes, deductions, individual tax income, tax payable, Medicare levy, etc.
to determine tax liability or tax refund from Pay As You Go (PAYG).
The workbook in 2 styles.

Style A: Cover, fill in the blank notes and worksheets

Style B: Cover, completed notes and worksheets

Total pages in each workbook: 16

Easy classroom preparation:

• For the teacher notes: print the notes on transparencies or display them on a whiteboard.

• For the workbook: print and staple all pages together to make a book.

• For the folded notes: print, fold and glue the pages to make a folded notes

Learning Outcomes:

• Understand the PAYG Income Tax System in Australia

• Identify allowable tax deductions

• Calculate taxable income after all allowable tax deductions are taken from gross pay

• Calculate tax payable using the current tax scales

• Calculate the Medicare levy (basic levy only)

• Determine if more tax is due or if there will be a tax refund

• Understand Australian tax returns.

Comply with Australian Curriculum:

F1.2: Earning and managing money

More Resources about Financial Literacy