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dnuttall

From: United States
3/27/2004 08:59 EST

I'm considering the possibility of taking a posiition in Sydney that would include salary/benefits that would total something around AUD$200k/year.

My decision making is clouded by the fog that covers the differences in taxes.

Can someone suggest a formula for calculating take-home pay, when I don't know if I'll be entitled to a "Living Away From Home Allowance" exemption?

It looks like the formula is $16182 plus 47 cents on every dollar over $62,500, but I'm not clear if the gross amount of income is reduced by the amount contributed to the "super-fund" for retirement or is that an after-taxes account? My sense is that it must be after-taxes but I'm not sure.

Thanks in advance for specific advice or referrals to reliable advice.

Dave Nuttall
San Antonio, Texas

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cosmo

From: United Kingdom
4/1/2004 01:30 EST

Hi Dave,

I couldn't say re. the calculations but the best bet is to look up on a search engine "Australian Taxation Office" or ATO and that should provide the info. you need, if not then there should be an email account and you could direct the question to them this way - which might be the easiest as the manual on the internet can be quite complicated and the rules tend to change every year.
Cosmo

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