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Financial literacy
What is the tax free threshold
What's the compulsory super rate
Financial literacy
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Questions
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Answers
1
What's the compulsory super rate
10%
9.5%
1%
12%
2
What is the tax free threshold
18,200
0
5,000
45,000
3
What must you have to claim a deduction
Money must of been spent
It must not be work related
You must have a record to prove it
4
How do you calculate taxable income
Assessable income - Expenses
income - allowable income
Assessable income
Assessable income - allowable deductions
5
when can you retire
70
60
55
45
6
What does TFN stand for
Tax File Number
Technical friend name
Technical financial number
Tax Fin Number
