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!

Activities

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Wacky facts

  • Fact 17

    The opportunity to pay income tax in instalments, rather than once per year, was introduced in 1941.

Glossary

Franked dividend

A share of a company's distribution paid to a shareholder on which tax has been paid by the company.

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