Ostroff, Fair and Company
*Ostroff, Fair and Company>>>Australia Taxes

With compensation how much do you get taxed?



if you have a serious injury certificate and are going for income loss pain and suffering compensation what percentage/or how much would you get taxed?

are you talking abotu regular timeloss compensation (i.e. monthly wages) or are you talking about the permanent partial settlement?

I don't believe they are taxed at all in WA state. I work with injured worker's in WA state. Other states are very different though. Source(s): http://www.lni.wa.gov/
I think overall including all deductions required, about 11-14% of your total pay. Depends by state.
Tags
Mexico Taxes Ireland Taxes India Taxes Germany Taxes Canada Taxes Australia Taxes Small Business Renting & Real Estate
Related information
  • In Australia should ABN or ACN number mandatory in the invoice?
  • Explain the difference between bank charges and government taxes and duties?
  • Should australians pay tax??
  • Can under 18 year olds get taxed if they earn interest in a savings account?
  • Wat r the requirements if u want to apply for Offshore Skilled Migration to australia.?
  • Does the superannuation guarantee levy apply to time worked on a public holiday?
  • Can any one tell me how much am I allowed to earn before I start paying tax in Australia?
  • Whats the formula for removing VAT and GST from a value? Cheers.?
  •  

    Finance Categories--Copyright/IP Policy--Contact Webmaster