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How to calculate LAFHA
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Junior Member
Posted
I am so sorry, I am reading through all of the discussions regarding this same topic and I am not sure If I am being a little blonde.
I am trying to work out how to calculate LAFHA on the following;
$45,500 + Super
$1500 Travel Expenses
Total $47,000 + Super

My boss has agreed to pay LAFHA accommodation of $1000 per month

I think I may have calculated this as follows;
$49,268/12 = $4105.66 - $1000 LAFHA = $3105.66

Taxable amount of 20% gives me a $2484 = $1000 rent = $3484

Is this correct

thank you so much for all responses
 
Posts: 1 | Registered: 19 October 2010Reply With QuoteReport This Post
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