So I currently work a part time job on a casual contract (currently at High School) however I'm looking at picking up a second part time job over the summer holidays. I know for a second job, you get a charged a much higher tax rate which I'm not bothered about, my problem is whether or not I can claim this in an annual tax refund.
Say for example:
- Job 1 = $7k annual gross income @ 10.5% tax
- Job 2 = $7k annual gross income @ 20%+ [?] tax rate
Net income = $14k = 10.5% raw tax rate.
Can I claim back the >10.5% tax on job 2, or is this tax non refundable?
Thanks in advance for help!