Task A1.1 Street talk

You overhear people's comments about tax-related issues while you're down the street. Do you agree with them?

Task A1.1 Street talk
Type: Theory
Questions: 1
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 10

    In 1936, at the request of the Australian Wool Growers Council, a wool tax was imposed to help the production of wool and to extend the use of wool throughout the world. It was levied at 6d (about 5c) per bale on all sales of shorn wool produced in Australia.

Progressive tax

A tax where the tax rate increases as the income increases. Income tax for individuals is a progressive tax.

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