Challenge quiz: Tax 101

After you've finished all the topics, play the challenge quiz and beat your classmates.

Challenge quiz: Tax 101
Type: Theory
Questions: 1
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.

Business activity statement (BAS)

A single form used by businesses registered for GST to report their business tax entitlements and obligations including GST, PAYG instalments, PAYG withholding and FBT instalments. See also instalment activity statement.

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