Filling out the I Form

Item number	Amount	Code	Notes and calculations
Income
12 345 678 912 1	7456 19778
2	240		Allowances on the payment summary go at item 2
3R	3735	R	Taxpayer must have left because of redundancy/invalidity/appr early retirement or a lump sum D would not have been paid
4I	6925 23082		(3745 x 5%)+22895
5	208 6773
10	147
Total tax withheld	14589
Assessable income	53755
Deductions

Total deductions
Taxable income			Assessable income MINUS Total deductions
Tax offsets

Total tax offsets
Other

Tax calculation not required.

Taxpayer's name Anthony MCCRACKEN
Taxable income Threshold 6000
Basic tax payable		Notes and calculations
Tax offsets

	MINUS total
	Subtotal	Must not be less than zero
Levies etc
	PLUS total
Tax credits
	MINUS total
balance payable or refund due		REFUND

NOTES

1] Assessable part of an ETP is (pre-July 83+concessional) x 5% PLUS post-June 83 component, both taxed and untaxed.

2] Since this ETP is paid from a super fund which has paid the 15% contributions tax, the post-June 83 component is a taxed element.

The words ‘taxed’ and ‘untaxed’ refer to the contributions tax paid by super funds, NOT to the taxing of the ETP in the hands of the taxpayer.