If you have... then the standard cost is...
one or two boarders $250 a week for each boarder.
three or four boarders $250 each for the first two boarders, and
$204 for each subsequent boarder.
If you receive rental income from boarders, including student homestays, you may need to file an income tax return and pay tax on any profit you make.
You can choose either the standard-cost method or the actual-cost method to work out whether to pay tax on this income.
看起来如果有boarder租金低于$250一周 还可以退税?
求会计或大神解释作者: songinator 时间: 2014-6-5 16:27:43
The standard-cost method
Definition
The standard-cost method uses an average price for basics such as the cost of food, heating, power and transport. The amount is an average across the country and is inflation-adjusted annually.
If your income from boarders is less than the standard cost allowed, you will not have to file a tax return, keep records of related expenditure, or pay tax.作者: vodafone2degree 时间: 2014-6-5 16:31:10