Ques 1- Which slab rate is applicable to Working holiday maker. Which class of visa comes under working holiday maker?
You are a working holiday maker if you have a visa subclass:
- 417 (Working Holiday)
- 462 (Work and Holiday).
The slab rates applicable to working holiday maker are:
Taxable income | Tax on this income |
$0 – $37,000 | 15c for each $1 |
$37,001 – $90,000 | $5,550 plus 32.5c for each $1 over $37,000 |
$90,001 – $180,000 | $22,775 plus 37c for each $1 over $90,000 |
$180,001 and over | $56,075 plus 45c for each $1 over $180,000 |
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