Income and income tax
Type: Theory Start taskRead more
Questions: 9
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task B1.1 Assessable income
Type: Mixed Start taskRead more
Questions: 15
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
Task B1.2 Assessable income revisited
Type: Mixed Start taskRead more
Questions: 13
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 13

    During World War I, many taxpayers felt that it was their patriotic duty to pay more than their assessed tax. Some were not legally obliged to pay tax but did so and others made payments of double, treble or quadruple the assessed amounts.

Fringe benefit

A benefit received by employees from their employer instead of salary or wages, such as the use of a car for private purposes.

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