Tax 101 explores the reasons tax is collected and examines how governments use tax to provide services needed by the community, and the role of the ATO. Choose a topic to investigate or use the breadcrumbs to return to the course overview page.

 

Pre-test: How much do I know about tax?

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Tax 101: understanding tax
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Pre-test: How much do I know about tax?
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Before you start Tax 101, let's see how much you already know about tax. Answer these questions to find out. After you have finished Tax 101, you can re-sit this test to find out if you are a tax genius!

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Wacky facts

  • Fact 3

    'Taxes, after all, are dues that we pay for the privileges of membership in an organised society'. Franklin D Roosevelt

Glossary

Franking credit

A credit paid to shareholders for the tax already paid on a dividend distribution by the company. Franking dividends were formerly called imputation credits.

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