✓ 7NEWSMoney & Work
Teen's KFC wages taxed at 66 per cent because he mixed gift money
A 15-year-old's KFC wages were taxed at 66% because he mixed work income and gift money in one account.
Why it mattersYoung workers can be hit with large tax bills for mixing earned and unearned income without knowing a little-known rule.
AustraliaThousands of Australian teenagers working casual jobs could unknowingly trigger the same tax trap when they save alongside gift money.
✓ Claims checked against the source and corrected before publish. checked 20 h ago
