Household summary
Total in pocket
$79,360.97
Excludes super and student loan payments
Total in pocket after student loans repaid
$79,360.97
Excludes super
Total benefit
$86,185.97
Includes super and student loan payments
Family Tax Benefit
Total
$27,252.97
Part A + Supplement + Part B
Part A
$19,209.44
Part A Supplement
$3,270.40
$0 for income at or over $80,000
Part B
$4,773.13
Adults
Adult 1
In pocket
$52,108.00
Excludes super and student loan payments
Super
$6,825.00
Income tax
$11,592.00
| Income | |
|---|---|
| Taxable income | $65,000 |
| Superannuation | $6,825.00 |
| Tax | |
| Income tax | $11,592.00 |
| Medicare levy | $1,300.00 |
| Medicare surcharge | $0.00 |
Adult 2
In pocket
$0.00
Excludes super and student loan payments
Super
$0.00
Income tax
$0.00
| Income | |
|---|---|
| Taxable income | $0.00 |
| Superannuation | $0.00 |
| Tax | |
| Income tax | $0.00 |
| Medicare levy | $0.00 |
| Medicare surcharge | $0.00 |
This tool is a work in progress, and some parts are not fully accurate or implemented correctly. This is not intended to provide any financial advice, and there is no promise that it is accurate or correct, although we do try to be. If you notice any issues, please let us know.
- Medicare calculations are not completely implemented. For example, reductions are not taken into account for households that fall within the range of incomes that qualifies them for a reduction.
- Superannuation tax is not yet implemented.