Tax is paid out of money you earn from which of the following?
- A job, a business or investments ✓
- Only money earned outside Australia
- Only profits made by large companies
- Only wages from a full-time job
Why this is the answer
Income tax applies to earnings from work, from running a business and from investments, not just to wages.
This question is from: Participating in Australian society
More questions from this topic
- A new citizen wants to contribute to the community and also meet a duty set by law. Which action does both?
- Apart from the money people earn, what else is taxed in Australia?
- Besides the Australian Government, who else collects taxes to pay for services?
- What do active citizens in Australia take on?
- What does the ATO work to make sure of?
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Mock ExamFrom Australian Citizenship: Our Common Bond, the official booklet