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1. In relation to the liability to income tax, which of the following statements is most correct? * (1 Point) The amount of income tax
1. In relation to the liability to income tax, which of the following statements is most correct? * (1 Point) The amount of income tax payable is calculated by multiplying the taxpayer's taxable income by the applicable tax rates. The Medicare levy applies to all taxpayers. The ITAA97 completely replaces the ITAA36. All of the above statements are false
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