How To Calculate Income Tax Refund
In this lesson we calculate the medicare levy which is 2% of your taxable income, and add it to income tax get total you have pay. This video uses an example to demonstrate how individual's federal income tax is computed.
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Help us learn more about your experience by completing this short survey. This video has basics of income tax calculations with detailed example based on fy 201617 help you how to calculate most us. Using the most updated income tax rates, we calculate that an individual has to pay based on their taxable income.
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