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http://www.centrelink.gov.au/int ... ments/ftb_b_iat.htm
Income test
This income test for Family Tax Benefit Part B is effective from 20 September 2011.
Family Tax Benefit Part B is limited to families (single parent or couple) where the primary earner has an adjusted taxable income of $150,000 per year or less.
Single parent families whose adjusted taxable income is more than $150,000 will not be eligible for Family Tax Benefit Part B. Single parent families with income at or below this limit will continue to receive the maximum rate Family Tax Benefit Part B.
Two parent families where the primary earner has an adjusted taxable income of more than $150,000 will not be eligible for Family Tax Benefit Part B, regardless of the income of the lower income earner.
Where the primary earner's income is at or below this limit, the payment of Family Tax Benefit Part B will be assessed on the basis of the secondary earner's income. Secondary earners can earn up to $4,891 each year before it affects the rate of Family Tax Benefit Part B.
Payments are reduced by 20 cents for each dollar of income earned over $4,891.
If you are the secondary earner and your partner earns $150,000 or less, you can still get some Family Tax Benefit Part B if your income is below:
$24,912 a year if your youngest child is under 5 years of age, or
$19,382 a year if your youngest child is between 5–18 years of age.
You and/or your partner cannot receive Family Tax Benefit Part B during a Paid Parental Leave[1] period. Family Tax Benefit Part B may be paid after the Paid Parental Leave period. |
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