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In terms of tax liability, which of the following statements is most correct? The amount of income tax payable is calculated by multiplying the taxpayer

In terms of tax liability, which of the following statements is most correct?

The amount of income tax payable is calculated by multiplying the taxpayer s taxable income by the application of tax rates.

HELP applies for all taxpayers.

The ITAA 1936 is totally replaced by ITAA1997.

Medicare levy applies all taxpayers.

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