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Former Member
Jun 08, 2011 at 12:52 PM

Significance of tax Co-Efficients in Australia payroll taxation

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Hi Experts,

I want to know the significance of tax co-efficients y (weekly tax)=ax-b in the calculation of tax for payroll Australia.

Why are these co-efficients needed ?

How is the formula y = ax - b derived at ?

Can you please help ?

Regards,

Somdeb.

Edited by: Somdeb Banerjee on Jun 10, 2011 12:41 AM