Task B2.3 Tax for the under 18s

Your friend Ivan who is under 18 has heard he might have to pay a higher rate of tax. Help him out by explaining what he can expect.

Task B2.3 Tax for the under 18s
Type: Mixed
Questions: 7
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 17

    The opportunity to pay income tax in instalments, rather than once per year, was introduced in 1941.

Tax return

The form that taxpayers complete and lodge annually with the ATO to report their income, tax withheld, allowable deductions and tax offsets.

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