Task B3.1 Reducing your tax

How good do you think you are at judging what is allowed as a deduction?

You are allowed to reduce your assessable income by claiming allowable deductions. Test your knowledge about deductions by answering the questions.

Task B3.1 Reducing your tax
Type: Mixed
Questions: 30
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 4

    The first taxes in Australia were raised to help pay for the completion of Sydney's first gaol and provide for the orphans of the colony. Import taxes were put on spirits, wine and beer.

Regressive tax

A tax charged at a set dollar amount, regardless of the value of the transaction. The passenger movement charge (also called departure tax) on passengers at airports is a regressive tax.

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