Working and paying tax

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What do you need to know when you enter the workforce to ensure that you are paying the correct amount of tax?

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  • Fact 12

    The expenses of World War I were so great that the Commonwealth Government introduced three new taxes in 1917: an entertainment tax, a wartime profits tax and a bachelor tax that raised such a bitter protest that it was never put into operation.

Profit and loss statement / statement of financial performance

A periodic statement showing the revenue, expenses and net profit or loss of a business or other entity.

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