Challenge quiz: Tax 101

Question 1 of 1

Play the Challenge quiz for Tax 101 online:
Challenge quiz: Tax 101 (Part A)
Challenge quiz: Tax 101 (Part B)

Alternatively, you could use the table of questions below the rules to stage your own Classroom Challenge.

Challenge quiz rules

  1. Each team chooses a topic and then answers the 100-point question.
     
  2. If a team answers the question correctly, they earn the allocated points.
     
  3. If a team answers the question incorrectly, the next team gets a chance to answer the same question
     
  4. A team has one minute to answer the question. The team can use that time to consult and agree on a response, before the nominated member provides the answer.
     
  5. A team must have a total score of 600 points before they can attempt to answer a 500-point question.
     
  6. Your teacher may apply penalties for students who call out answers or interfere with other groups.

Tax 101 Classroom Challenge questions

Points

What is tax and why do we need it?

100

Define the term 'tax'.

200

Name two groups who pay tax in Australia.

300

Which level of government collects the most tax in Australia?

400

Who does the Australian Government collect GST for?

500

What is meant by the term 'tax-free threshold', how much is it and who does it apply to?

 

Points

Tax: who, what, how and why

100

What are the three levels of government in Australia?

200

Which level of government raises stamp duty, land tax and payroll taxes?

300

Name three taxes imposed by local government.

400

What event led to the Australian Government taking over income tax collection?

500

What is meant by a regressive tax? Give an example.

 

Points

How is tax revenue spent?

100

Identify one service provided by a state or territory government.

200

Name three services provided by local government.

300

Name two levels of government that provide health services.

400

Name one area of expenditure that all levels of government have.

500

Name three services provided only by the Australian Government.

 

Points

The Budget: taxes and spending

100

How often is the Australian Federal Budget prepared?

200

What has to happen before the Australian Federal Budget can collect tax revenue and spend money?

300

What is meant by a budget surplus?

400

List in order the three highest sources of revenue in the Australian Federal Budget.

500

List in order the three highest areas of spending in the Australian Federal Budget.

 

Points

History of tax in Australia

100

When did Australia become a nation?

200

What tax power did the states and territories give up to the Australian Government after Federation?

300

Why did the Australian Government introduce federal income tax in 1915?

400

What does the Medicare levy pay for?

500

What major changes were made to the Australian taxation system in 2000?

 

Points

Role of the ATO

100

What is the main role of the ATO?

200

What is the main connection that most Australians have with the ATO?

300

List three ways people can contact the ATO.

400

Apart from taxation, what is another role the ATO performs?

500

How does the principle of self-assessment work?

 

 

  • 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.

Dependant

A person whom an individual looks after and who needs their financial support, such as a child.

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