^Login

Frequently Asked Questions

Authors
Category   Billing   Employee   Employee Profile   Employee Settings   EOFY   Fingerprint   Fingerprint Scanners   General   Glossary   Groups   HR   Jobs   Leave   Mobile App   Notification Config   Payroll   Payroll Rules   Reports   Roster   Security   Settings   Skills Matrix   STP   Superannuation   Timesheet   VEVO   Xero

Why is my tax rate calculating higher then my tax bracket?

Author @Microkeeper
Category Payroll
Last Modified 20/08/2017
Microkeeper calculates tax withheld by averaging a weekly pay over an annualised salary.
Microkeeper's automated tax calculation will always be in the ATO's favour. The higher tax rate may be due to a high estimated yearly wage for the employee's payslip.