^ When you receive a job offer, there are generally three components to your salary:
Unless the employer says otherwise, $85,000 is the gross salary
1) Superannuation Guarantee - employers are required to contribute 9% to your retirement..masuwerte ka kung more than 9% bigay nila. This is on top of the gross salary and cannot be taken out until age 65. So in the example you have $7,650 saved to your retirement automatically.
2) Tax - Use this to compute your tax http://www.ato.gov.au/individuals/content.aspx?doc=/content/12333.htm $85,000 is bracket 4 so ang annual tax mo ay $19,440 or 22.82%
3) Medicare Levy - Parang Philhealth nila to. It is always 1.5% of your taxable income. So sa $85,000 magbabayad ka ng $1,275 (huwag ka mag-alala, sulit ang health benefits dun hehe)
May mga flood levy, carbon tax pa sila iimplement pero di naman kalakihan.
Suma-total sa halimbawa na yan, Annual after-tax income mo ay $64,285 ($5,357 per month) at may retirement money kang $7,650 🙂