Forum Discussion

lauracau's avatar
lauracau
Contributing User
3 years ago

Medicare levy surcharge 1% - additional withholding

I have a new employee who has elected for an additional 1% tax withholding to cover any Medicare levy surcharge for this financial year. I don't see an option to do this in AccountRight. I know there...
  • IanChait's avatar
    IanChait
    3 years ago

    Hi lauracau 

     

    I think you are now on the right track. Calculate the % of income, and then divide by number of pay periods and use the result in the extra tax field.