Question 1

What is the minimum wage in Australia?

Accepted Answer

The national minimum wage is $24.10 per hour (as of 1 July 2024). For a full-time worker at 38 hours/week, this equals $916.80/week or approximately $47,674/year before tax. Casual workers receive an additional 25% loading ($30.13/hour).

Question 2

How much tax do I pay on minimum wage?

Accepted Answer

On the full-time minimum wage of approximately $47,674/year, you pay roughly $4,236 in income tax plus $953 in Medicare levy, leaving you with about $42,485 take-home per year or $817/week. Most minimum wage earners are in the 16% tax bracket.

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