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Setup New Tax Tables

Setup New Tax Tables (if required)

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

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  2. Click Add

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  3. The Add Tax Table Details window will display

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    • 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

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