Employment Income
Salary and Wages: Report gross income, allowances, and benefits.
Bonuses and Commissions: Include in your total employment income.
Foreign Employment Income: Convert to $ AUD and report.
Income Type | Reporting Details | |
|---|---|---|
|
|
Example: Employment Income
Scenario: Emily works as a software engineer and received the following income for 2024:
Salary: $90,000
Bonuses: $5,000
Foreign Employment Income: $10,000 (converted to AUD)
Reporting
Income Type | Amount |
|---|---|
Salary | $90,000 |
Bonuses | $5,000 |
Foreign Employment Income | $10,000 |
Total Employment Income | $105,000 |