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Australia has a progressive income tax system, which means the more people earn, the more they pay in tax.In small groups investigate the following:Refer to ato.gov.au.What is income tax?Who pays income tax?How much income tax do people pay?Use the Moneysmart Income tax calculator to find out how much tax you would pay if you earned the incomes listed in table 1.Table 1: Tax amounts on different incomesIncomeTax payable$18,200$35,000$60,000$220,…

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