Document ID: chunk:federal_register_of_legislation:F2024L00664:schedule:7:p3
Version: federal_register_of_legislation:F2024L00664
Segment Type: schedule
Provision Reference: sch 7 (pt 3/3)
Character Range: 167016–167768

to withholding

    = $3,690.00 × 5% = $184.50

  The marginal rate calculation is used to work out the amount to be withheld from the pre-16 August 1978 component.

    * 16 August 1978 to 17 August 1993 component

    = $7,700.00 × 32% = $2,464.00

The post-17 August 1993 component of $10,890.00 is also to be withheld at the marginal rate. To simplify the marginal rate calculation for this employee, the pre-16 August 1978 component and the post-17 August 1993 component are added together first: $184.50 + $10,890.00 = $11,074.50

Now apply the marginal rate calculation to the sum of the two components.

Marginal rate calculation
Step  Instruction                                                                                          Result