An identification number issued by the Australian Tax Office for tax management purposes.Select the correct termACN (Australian Company Number)Goods and services tax (gst)TFN (Tax File Number)ABN (Australian Business Number)

n the preparation of BIR Form No. 1701, what is/are the Alphanumeric Tax Code (ATC) that the company should use?Select one:a.No correct answerb.IC 013c.IC 011d.IC 012

It was estimated that the Australian Government would make $72 620 million revenue from the Goods and Services tax (GST) in the 2020–21 financial year.This being based on the GST percentage of 10%.If the government increased the GST percentage to 15%, what would have been the predicted revenue in the 2020–21 financial year?A. $10 893 millionB. $36 310 millionC. $108 930 millionD. $145 240 million

Australia's national workplace relations tribunal, assisting in maintaining fair workplaces.Select the correct termFair Work AustraliaFair Work OmbudsmanIndustrial Relations CommissionFair Work Commission

In the preparation of BIR Form No. 1702-MX, what is/are the Alphanumeric Tax Code (ATC) that the company should use?Select one:a.IC 055 onlyb.IC 057 onlyc.No correct answerd.IC 055 and IC 057

Please choose the INCORRECT answer.  A proprietary limited company:Question 2Answera.Can be either a Small or Large proprietary company.b.Does not need to be registered with ASIC.c.Must comply with the requirements of the ATO (Australian Taxation Office) under Australian law.d.Can operate a cafe or a clothing store.