Create a New Tax Table

For most employees, a tax rate can be a selection from the options provided by the ATO. Others may need to create a customized tax table.

If you require a customized tax table, you can set it up as follows:

  1. In the Wagemaster, click Setup > Tax > Tables.


  2. Click Add.


  3. The Add Tax Table Details window will display.

    • Description: Type a meaningful name in the description e.g. 20% tax.
    • Weekly Earnings (x) Less Than $: Type a large figure in the weekly earnings(x) Less than $ box e.g. $99,999.99
    • a: Type the percentage figure that you require as the employee’s tax rate in box a (for example 0.20) for 20% tax. Leave b empty.
    • Click OK to complete.

Continue to the next step: Setup Bank Accounts

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request