hecs: HECS repayment calculator

Description Usage Arguments Details Value

Description

hecs calculates the amount of HECS to be paid in a financial year

Usage

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hecs(income, debt, brackets = c(0, 51957, 57730, 64307, 70882, 74608, 80198,
  86856, 91426, 100614, 107214), rates = c(0, 0.02, 0.04, 0.045, 0.05, 0.055,
  0.06, 0.065, 0.07, 0.075, 0.08))

Arguments

income

HECS Repayment Income

debt

Outstanding balance

brackets
rates

Details

HECS repayment income is different to your taxable income. It is calculated as:

Value

The amount of HECS repayments in a financial year


thmcmahon/taxFunctions documentation built on May 31, 2019, 10:45 a.m.