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Sorry Sim, but it still doesn't add up. Admittedly, i didn't account for the medicare levy. Can someone pls explain...

Great info here guys!! Now I realise it's all about the "concept" rather than actual figures and this is quite trivial, but I calculated a nett income after tax on $201,587 of $118,754 rather than the $105,832 at the 47.5% rate. Can someone pls tell me what i'm missing? I'd just like to...