Task B5.2 Understanding GST

What is GST? Calculate the GST on selected items and discuss whether the GST can be considered a fair tax.

Test your knowledge about GST by completing the following activity.

Task B5.2 Understanding GST
Type: Quiz
Questions: 10
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 26

    The introduction of electronic lodgement of tax forms in the late 1980s not only reduced the time it took to send out returns from ten weeks to two weeks but had a significant impact on the incidence of repetitive strain injury among data processors at the ATO.

Franked dividend

A share of a company's distribution paid to a shareholder on which tax has been paid by the company.

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