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2 jobs - how much tax is payable?

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Newbie

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Replies 2

Hi, could someone please advise me of how much tax is payable on the following income financial ending 2019, the following figures reflect what will be on my income statements. I need to know if I will have a tax bill:

 

Job 1:

ANNUAL GROSS: $62,288.47 

TAX WITHELD: $21,909.00

 

Job 2:

ANNUAL GROSS: $13,504.03

TAX WITHELD: $1,722.00

 

Total Gross Income = $75,792.50

Total Tax Withheld = $23,631.00

 

I look forward to hearing from you soon.

Thank you 

 

 

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Most helpful response

Enthusiast

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Try putting your numbers into this online calculator to see if there will be a refund or a debt:

https://www.ato.gov.au/Calculators-and-tools/Income-tax-estimator/
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Champion

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Hi @JHathway 

 

It's not possible to know exactly how much tax you will have to pay based on that gross income.

 

However, based on those figures - I would suggest you will not have an amount to pay, more likely an amount as a refund.

 

This is not financial advice and should not be treated as such.

Most helpful response

Enthusiast

Replies 0


Try putting your numbers into this online calculator to see if there will be a refund or a debt:

https://www.ato.gov.au/Calculators-and-tools/Income-tax-estimator/