Your tax explores how tax affects individuals – what taxes we have to pay as part of our income tax, and how to complete a tax return. Choose a topic to investigate or use the breadcrumbs to return to the course overview page.

 

Income and income tax

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Your tax
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Income and income tax
Task B1.1 Assessable income
Task B1.2 Assessable income revisited
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When do we need to pay tax and when don't we? Discover the different types of income and test your knowledge about when and where tax should be paid.

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Wacky facts

  • Fact 11

    The first new tax introduced after Federation was the Bank Notes Tax Act 1910 which introduced an Australian currency. It imposed a 10% tax on bank notes that had been previously issued privately. The new national currency first appeared in December 1910.

Glossary

Gross salary

The amount of money earned by an employee before any deductions are taken into account.

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