Business structures
Type: Theory Start taskRead more
Questions: 6
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task C2.1 Features of a business structure
Type: Mixed Start taskRead more
Questions: 10
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task C2.2 Starting a business
Type: Mixed Start taskRead more
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 19

    Australia’s growth and prosperity after World War II meant that, in 1959, the ATO collected £823.37 million in revenue - more than double the amount collected in 1949.

Income tax rate

The proportion of taxable income that is paid as tax. The income tax rate is expressed as a percentage or in cents-per-dollar. Companies have a set tax rate, unlike individuals, whose tax rate increases as the amount of taxable income increases.

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