What is tax and why do we need it?

Step 1 of 6

Take the Pre-test: How much do I know about tax? quiz first to find out how much you already know about tax and then start this lesson to discover some of the underlying issues relating to tax.

  • Fact 26

    The introduction of electronic lodgement of tax forms in the late 1980s not only reduced the time it took to send out returns from ten weeks to two weeks but had a significant impact on the incidence of repetitive strain injury among data processors at the ATO.

Net amount payable

The total amount required to be paid to the ATO. It includes an individual's tax payable and their Medicare levy (if applicable), less any credits for tax offsets and PAYG amounts.

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