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 9

    The Australian Taxation Office started as the Commissioner of Land Tax in 1910 with a dozen employees. It was based in the Department of Treasury, situated in Melbourne, which was the seat of the Commonwealth Parliament until 1927.

Dependant

A person whom an individual looks after and who needs their financial support, such as a child.

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