Weekly family threshold (WFT)
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End of attention
Where scale 2 or scale 6 is applied
- Where a payee has answered yes to question 9 and no to question 12 on the Medicare levy variation declaration:
WFT = $629.67 (32,743 ÷ 52) (rounded to the nearest cent).
- Where a payee has answered yes to question 12 on the Medicare levy variation declaration, you need to:
(a) multiply the number of children shown at question 12 by 3,007 and add the result to 32,743
(b) divide the result of (a) by 52
(c) round the result of (b) to the nearest cent.
Last modified: 17 Jun 2014QC 25920
If the payee has shown two dependent children at question 12:
WFT = ([3,007 × 2] + 32,743) ÷ 52
WFT = 745.3269 or $745.33 (rounded to the nearest cent)
End of example