A New Tax System (Bonuses for Older Australians) Act 1999 (REPEALED)
Part 2
-
Family and Community Services customers who qualify for bonus payment
Division 1
-
Interpretation
7
7
Annual business and wages income
A Family and Community Services customer's annual business and wages income for the purposes of this Part is worked out as follows: Method statement
Step 1.
Step 2.
A Family and Community Services customer's annual business and wages income for the purposes of this Part is worked out as follows: Method statement
Step 1.
Work out what would be the customer's annual retirement income if it were worked out under subsection 6(2) .
Step 2.
Work out how much of the step 1 amount is attributable to income from a business carried on by the customer, or to salary and wages earned by the customer. The result is the customer's annual business and wages income .
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.