Annual IIT reconciliation is a process applied to individual taxpayers on their comprehensive income (an individual’s combined income of wages and salaries, remuneration from labor services, author’s remuneration, and royalties), to make sure their IIT paid in the previous tax year is ...
Below we will look at a program in Excel VBA that calculates the tax on an income. The following tax rates apply to individuals who are residents of Australia.Taxable income Tax on this income 0 - $6,000 Nil $6,001 - $35,000 15c for each $1 over $6,000 $35,001 - $80,000 $...