Search

Scenario 1 - Hospitality worker Scenario 2 - Retail worker Scenario 3 - Apprentice tradesperson or trainee Scenario 4 - Yourself (you will need a record of deductions you want to claim).   Scenario 1: Hospitality worker So now you get to have a go at completing a tax return yourself. The ATO has an online services simulator for educational purposes. This includes myTax. Open the ATO Online services simulator and follow these instructions…

Use the diagrams that follow to indicate the impact of cutting the rate of each of 4 different taxes: the GST, customs duty, excise duty, and company income tax. Use an upward arrow ↑ to indicate an increase or a downward arrow ↓ to indicate a decrease or a cross X to indicate no effect for each economic variable. Government action: Cutting the rate of GST Cutting the rate of GST Effect on the market ⟶ Economic…

Watch: The Australian Taxation SystemWhat are the 3 levels of Australia’s taxation system?How many different taxes are there?How many common taxes are there?How many of these will most people pay?How is tax revenue collected?Focus questionsAustralian GovernmentState & territory governmentsLocal governments% of total tax revenueNumber of taxesMajor source of tax revenue or examples of taxesHow is tax revenue spent?Main services and share of…

  Five key things you need to know when leaving school This interactive video explains five key things young people need to know when leaving school – including tax and super, health, career support, and more.  

Part 1: Identifying allowable deductions Read the list of items below. Indicate whether you think each item of expenditure is deductible or not. Refer to My responsibilities in relation to tax - Explainer.   Item of expenditure Is it deductible? Yes or No The bus fares to and from work. Yes No A $100 donation to the Red Cross. Yes No The amount paid to your tax agent…

Tripe J Unearthed Jukebox   Linked activities: How tax contributes to community and civic life (AC v9.0) How tax contributes to community and civic life (AC v8.4)  

  Linked activity: Making laws with a case study of tax