Task B1.1 Assessable income

There are 13 questions in this activity.

First, review your existing knowledge by answering two questions.

Task B1.1 Assessable income
Type: Mixed
Questions: 15
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 5

    In 1917, during World War I, the price of admission into a place of entertainment was taxed. Auditors attended race meetings, theatre and picture shows to ensure the tax was being paid. This tax was also imposed from 1942 to 1953.

Withholding declaration

A document that helps an employee notify their employer of a change in their PAYG withholding, for example, an entitlement to a tax offset. A withholding declaration authorises the employer to reduce or increase the amount of tax withheld from payments.

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