Originally Posted by
BkyMonster
Right then. Sounds good. Varies from state to state in the US but for instance at my old job it cost the employer 2x the employees gross pay in taxes, benefits and other costs.
I figured there was some ACC pre-gross employee pay here but wasn't sure what else.
Oh, forgot about the other cost - which is Fringe Benefit Tax.
If your OH gets any non-cash benefits then these will be taxed at 64% or 49% of the cash value of them (percentage depends on earnings but if he is higher rate then probably 64%). A car will be taxed at 64% of (I think) 20% of the on-the-road cost of the car but there won't be any additional FBT charge on fuel used in the year.