Separate answer page · Chapter 1

Chapter 1: Foundations of Australian Taxation Law and the Income Tax Formula — Answers

Use this page after attempting the interactive crossword.

6S

1P

8B

T

R

E

A

O

N

T

G

E

2W

U

R

F

I

T

4R

E

A

L

I

S

A

T

I

O

N

S

C

H

R

10O

11E

S

I

H

Y

R

X

I

18T

A

X

O

D

E

V

L

L

I

M

E

15D

E

D

U

C

T

I

O

N

P

I

A

13T

A

X

14A

B

L

E

I

N

C

O

9M

E

R

S

G

E

Y

17G

S

T

D

E

I

S

C

10O

F

F

S

E

T

5F

A

A

O

R

3N

B

12B

A

R

T

E

R

16T

A

X

L

O

S

S

M

N

E

19E

Q

U

I

T

Y

E

L

7P

A

Y

G

Clue	Answer
4 Across	REALISATION
7 Across	PAYG
10 Across	OFFSET
12 Across	BARTER
13 Across	TAXABLEINCOME
15 Across	DEDUCTION
16 Across	TAXLOSS
17 Across	GST
18 Across	TAX
19 Across	EQUITY
1 Down	PROGRESSIVE
2 Down	WITHHOLDING
3 Down	NANE
5 Down	FORMULA
6 Down	STATUTORY
8 Down	BENEFICIAL
9 Down	MEDICARE
10 Down	ORDINARY
11 Down	EXEMPT
14 Down	ASSESSABLE