How much do I know about Tax?

Australia has three levels of government.

• True

• False

Only individuals pay income tax in Australia.

• True

• False

GST stands for government services tax.

• True

• False

You will need to have a tax file number before you can start work.

• True

• False

You must pay the Medicare levy when you start part-time work.

• True

• False

GST is collected on behalf of the states and territories by the Australian Government.

• True

• False

You need to pay income tax ion lottery wins.

• True

• False

You have to pay tax on the total sale price whenever you sell investment shares.

• True

• False

Waiters and waitresses (wait staff) need to pay tax on the tips they receive.

• True

• False

Local councils are responsible for dog licences.

• True

• False