Comment Re:Of course it was! (Score 1) 555
It's calculated by assuming you will get the same weekly wage for a year. The tax office produces some tables employers can use as a guide, so if weekly wage is $x, deduct $y as the tax component. I guess any extra pay (overtime, bonuses etc) is paid at your marginal tax rate.
If you have a second job, that job is meant to tax you at the top tax rate, so the tax office gets an excess of your money and returns it to you when everything is reconciled at the end of the year (by submitting your tax return).
If you have a second job, that job is meant to tax you at the top tax rate, so the tax office gets an excess of your money and returns it to you when everything is reconciled at the end of the year (by submitting your tax return).