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  • Rounding of component amounts

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Component amounts calculated as a result of applying the above formulas should be rounded to the nearest dollar. Results ending in 50 cents are rounded to the next higher dollar.

    Example

    The payee has claimed the tax-free threshold and has weekly earnings of $1,018.62.

    HELP component = $1,018.99 × 4.0% = $41.00 rounded to the nearest dollar.

    End of example
    Last modified: 14 Jun 2013QC 34714