Task A2.1 Types of taxes: company tax

Ever wondered what proportional, progressive and regressive taxes are? Find out what they are. See how they work.

The example of a proportional tax structure looks at the tax paid by companies on their taxable income. Taxable income is what is left when assessable income has been reduced by all allowable deductions.

Task A2.1 Types of taxes: company tax
Type: Mixed
Questions: 8
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 27

    The Sydney Olympic Games included a team of tax officers who advised visiting athletes of any tax obligations and helped them in reclaiming GST reimbursements for their expenditure during the games.

Amendment

A request to the ATO by a taxpayer to change their tax return or notice of assessment.

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