Dependant Offset Details

Not available in Accountants Office

To add or edit the dependant rebates

Click Maintenance > Parameter Tables. The Parameter Tables index is displayed.
Highlight the required table, and click Details.
Select the relevant category of tax rates for example, Resident or Resident Minors, and click [Enter]. The relevant tax rates table is displayed.
Click [Dependant Rebates] to open the Dependant Rebates.
When all the rebate rates for each class of dependant have been entered, click [OK] to save the information.

Details recorded

The Dependant's Offsets dialog lists all classifications of dependant rebates. The appropriate details must be entered for each of the rebates:

the maximum offset for the class of dependant
the maximum Adjusted Taxable Income (ATI) which a dependant may derive before the offset cuts out
the percentage by which the offset is reduced for the excess above the basic Adjusted Taxable Income

Offset: This is the maximum offset available.

ATI: This is the base Adjusted Taxable Income above which the offset will begin to shade out.

Reduction%: This is the shading out percentage.