Further lessons (outline)

Prepared by Chloe Hsieh

The unit has nine fully planned lessons. One more lesson is needed to cover all of the earning money content.

Lesson 3b: Taxable income (after Lesson 3). Students work out annual taxable income by subtracting allowable deductions from yearly income. They use the 2026–27 resident tax rates (Australian Taxation Office, 2026) to find the tax payable for the year, then compare it with the PAYG tax withheld across the year from Lesson 3 to see why a tax return can lead to a refund or a bill.

Source for the tax rates: Australian Taxation Office. (2026). Tax rates – Australian residents. https://www.ato.gov.au/tax-rates-and-codes/tax-rates-australian-residents