| A | B |
|---|
| taxation | mandatory payment from salary taken by government |
| income tax | name of the tax charge on your salary |
| inheritance tax | name of tax charge on any money bequeathed to you |
| capital gains tax | name of tax charged when you sell a house |
| gst | name of tax on goods you buy - clue 3 letters |
| customs tax | name of tax on goods you bring into the country |
| goods and services tax | gst stands for |
| government | top institution that instructs tax to be deducted from your salary |
| treasury | name of building that deals with the collection of the county taxes |
| treasurer | name of person who oversees the spending of taxes collected |
| jim chalmers | name of current treasurer of australia |
| progressive | name of tax system used in Australia |
| reduces salary balance | any tax charged to your salary will do this to your salary balance |
| public services | tax is required for the payment of these |
| education, health, defence and infrastructure | examples of public services |
| five | the number of brackets in the progressive tax system |
| nil | if you receive a salary less than 18,200 you pay this amount of tax |
| corporate tax | name of tax paid by large businesses |
| accountant | name of person who can help you with your taxes |
| expenses | if you run your own business you can claim tax on these |
