Document ID: chunk:federal_register_of_legislation:F2024L00664:schedule:9:p2
Version: federal_register_of_legislation:F2024L00664
Segment Type: schedule
Provision Reference: sch 9 (pt 2/6)
Character Range: 186681–189350

its weekly value from the withholding amount found in step 3.
Example:

A payee has weekly earnings of $662.95 and has not claimed a Medicare levy exemption. To work out the correct amount to withhold use the first tab in the Withholding lookup tool, ignore cents and input $662.

If the payee is:

    * single, use column 2 to find the correct amount to withhold ($5.00)
    * a member of an illness-separated couple, use column 3 to find the correct amount to withhold ($11.00)
    * a member of a couple, use column 4 to find the correct amount to withhold ($26.00).

Calculating fortnightly or monthly withholding amounts

First calculate the weekly equivalent of fortnightly or monthly earnings. If you pay:
    * fortnightly – divide the sum of the fortnightly earnings and the amount of any allowances subject to withholding by two. Ignore any cents in the result and then add 99 cents.
    * monthly – obtain the sum of the monthly earnings and the amount of any allowances subject to withholding (if the result is an amount ending in 33 cents, add one cent). Multiply this amount by three and then divide by 13. Ignore any cents in the result and then add 99 cents.

Then calculate fortnightly or monthly withholding amounts as follows:
    * fortnightly – work out the rounded weekly withholding amount applicable to the weekly equivalent of earnings, before any adjustment for tax offsets. Multiply this amount by two.
    * monthly – work out the rounded weekly withholding amount applicable to the weekly equivalent of earnings, before any adjustment for tax offsets. Multiply this amount by 13, divide the product by three and round the result to the nearest dollar.

Using a formula
The withholding amounts shown in this schedule can be expressed in a mathematical form.

You should read this section with Schedule 1 - Statement of formulas for calculating amounts to be withheld.

If you have developed your own payroll or accounting software package, use the following formulas and the coefficients outlined below.

The formulas comprise linear equations of the form y = ax − b, where:
    * y is the withholding amount expressed in dollars
    * x is the weekly earnings rounded down to whole dollars plus 99 cents
    * a and b are the values of the coefficients for the formulas shown in the relevant 'Values of the coefficients a and b for each set of formulas' tables.
Note: Additional scales have been provided where the payee has claimed a FULL or HALF Medicare levy exemption.

Values of the coefficients a and b for each set of formulas

Scale 1 - Payee is single:
Weekly earnings (x) less than  a       b
$629                           -