Working and paying tax

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

Working and paying tax
Type: Theory
Questions: 7
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 8

    In 1910, the Commonwealth Government introduced a land tax to provide for more defence spending and to prepare for the increase in migration. The land tax was chosen to encourage large-scale land owners to subdivide their land and sell it to small-scale settlers.

Fixed interest investments

Investments that offer a fixed interest rate on a fixed sum of money, usually for a specific period of time.

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