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SA-HELP loan: for covering the SSAF (Student Services and Amenities Fee) for all domestic students including CSP and full-fee paying students, the maximum SSAF institutes can charge a student was A$326 in 2023. Fee for Full-fee paying Domestic Students only:
Companies or groups of companies that pay $1,100,000 or more a year in Australian wages must pay payroll tax. [34] There are deductions, concessions and exemptions available to those that are eligible. From 1 July 2012: [32] The rate of payroll tax is 4.75%. The annual threshold is $1,100,000. The monthly threshold is $91,666.
The progressive nature of income tax in Australia results in different income groups paying different amounts. The top 1% of income earners pay 18% of income tax received. The top 3% pay 28% of income tax. The top 10% of earners paid 46% of all income tax paid. The bottom 50% of earners paid 11% of all income tax. [19]
If you take out student loans to pay for college, you might qualify for the student loan interest deduction. This deduction allows you to reduce your taxable income by up to $2,500 per year.
While most tax-related forms arrive dependably in the mail, college students tend to work multiple jobs each year, and some college tax forms may need to be printed out from the college portal and ...
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Employers, or a group of related businesses, whose total Australian wages exceed the current NSW monthly threshold are required to pay NSW payroll tax. Broadly speaking, the tax amount is a percentage of taxable wages paid within NSW. This percentage is called the payroll tax rate.
Lifetime Learning Credit. The Lifetime Learning Credit is similar to the American Opportunity Tax Credit, but structured differently. It allows you to claim 20% of the first $10,000 you paid for ...