QUIZ005 How much do you know about income tax?

This next quiz tests your readers’ knowledge on income tax. It covers common tax laws and record keeping requirements, and includes questions on franking credits, inheritance tax and co-contribution eligibility.

For most Australians, tax is an unavoidable fact of life. A portion of the money we earn, either through work or investment is remitted every year to the Australian Taxation Office (ATO).

How much income tax you pay will depend on how much you earn and what deductions and offsets you are able to claim. Other than this, how much do you really know about income tax?

Take our quiz and find out!

Subscriber note: You can decide on how to provide these. We recommend that you set them up in a formatted email to return direct to the quiz taker opening the door for further discussion.