1.1.A.20 Adjusted taxable income (ATI)
Definition
For the purposes of FA, an individual's ATI for a financial year is:
- the sum of the following amounts for that year
- taxable income (1.1.T.20, 3.2.2)
- adjusted fringe benefits total (3.2.3)
- target foreign income (1.1.T.05, 3.2.4) (including tax exempt foreign employment income)
- total net investment loss (1.1.T.53, 3.2.5)
- tax free pension or benefit (3.2.6), and
- reportable superannuation contributions (1.1.R.35, 3.2.9)
- less 100% of the individual's child maintenance expenditure.