Explaining business taxes

A range of taxes can apply to businesses. Explore what these taxes can include and look at the needs of businesses in relation to government services.

Explaining business taxes
Type: Theory
Questions: 8
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 15

    Primary industry suffered severely in the 1930s due to drought and the Depression, so the government introduced three new taxes to support farmers: the flour tax, the wool tax and the apple and pear tax.

Superannuation / super guarantee

A minimum amount set by law that an employer must contribute into an employee’s super fund.

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