Task A2.1 Types of taxes: income tax

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

Task A2.1 Types of taxes: income tax
Type: Quiz
Questions: 2
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 11

    The first new tax introduced after Federation was the Bank Notes Tax Act 1910 which introduced an Australian currency. It imposed a 10% tax on bank notes that had been previously issued privately. The new national currency first appeared in December 1910.

Shareholder

A person who owns shares in a company.

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