School of WooHoo - Chapter 2 : Understanding Income and Tax - Activity 2

Welcome to Chapter 2 - Understanding Income and Tax - Activity 2

After completing this chapter, you will show a good understanding of basic tax knowledge and demonstrate skills to be able to explain basic tax queries to a customer.

If you get an answer incorrect, it will tell you the correct answer and on occasion, a further explanation. Please do not attempt the question again, just move on to the next question.

Use your resources such as Woogle wisely and ensure you fully read the question before answering.

Good luck!

Chapter 2: : Understanding Income and Tax

1. As per the Tax Administration Act 1994, we are able to check how many years for a customer?

  • 6 years
  • 3 years
  • 5 years

2. What is the "Tax Year"?

The tax year in New Zealand runs from the until the

How much tax do you pay? Match up the taxable income with the correct tax rates

  • Up to $14,000
    10.5 cents
  • From $14,001 to $48,000
    17.5 cents
  • From $48,001 to $70,000
    30 cents
  • $70,001 and over
    33 cents
  • No notification
    45 cents