bto | R Documentation |
Beneficiary tax offset
bto(
benefit_amount,
fy.year = NULL,
rate1 = 0.15,
benefit_threshold = 6000,
tax_threshold = 37000,
rate2 = 0.15
)
benefit_amount |
The amount of Tax Offsetable benefit received by the taxpayer during the income year. |
fy.year |
The income year. Not used by default. |
rate1 |
The coefficient in Division 2, section 13(2) of the Income Tax Assessment (1936 Act) Regulation 2015 (the regulations). |
benefit_threshold |
The amount of benefits above which the offset applies. |
tax_threshold |
The threshold at the upper conclusion of the lowest marginal tax rate in the words of the section 13(3) of the regulations. |
rate2 |
The second coefficient in section 13(3) of the regulations. |
The beneficiary tax offset.
This function disagrees with the ATO online calculator.
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