Task B4.1 What is my taxable income?

Ever wondered what a tax agent does? Calculate the taxable income for three of your clients.

Task B4.1 What is my taxable income?
Type: Mixed
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 6

    'Bottom of the harbour' schemes were a form of tax avoidance used in Australia in the 1970s. The 'harbour' referred to was Sydney Harbour, which was near the financial district. Participation in the schemes was made a criminal offence in 1980.

Fringe benefits tax (FBT)

A tax payable on a non-salary benefit to an employee. The employer pays the tax, not the employee.

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