Task C4.1 Tax types

This worksheet explores a number of taxes that apply to businesses.

Task C4.1 Tax types
Type: Quiz
Questions: 3
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 21

    As overseas travel became more common in the 1960s, the ATO stopped issuing tax clearance certificates (which had previously reminded Australians planning on travel that they must ensure they had paid all tax owed prior to leaving the country).

Profit and loss statement / statement of financial performance

A periodic statement showing the revenue, expenses and net profit or loss of a business or other entity.

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