Calculating tax due

As part of your tax return you may be due a refund of have a tax debt.  Find out more about calculating tax using some case studies.

Calculating tax due
Type: Theory
Questions: 3
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 2

    In 2003, New Zealand proposed an agricultural emissions research levy to be collected from livestock farmers. The tax was to be used to fund research into the livestock industry's emissions of gases.

Balance sheet

A document summarising the assets, liabilities and net worth (or owner’s equity) of a business.

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