Australian Economic Quiz

What is the new National Minimum Wage in Australia from 1 July 2024?

• $850.00 per week

• $915.90 per week

• $900.50 per week

• $920.00 per week

By what percentage did the award minimum wages increase?

• 2.5%

• 3.74%

• 4.0%

• 5.1%

Which city has the highest median house rent in 2024 according to the data?

• Melbourne

• Brisbane

• Sydney

• Adelaide

What is the tax rate for a taxable income between $45,001 and $135,000 in Australia for 2024-25?

• $4,288 plus 30c for each $1 over $45,000

• $31,288 plus 37c for each $1 over $135,000

• 16c for each $1 over $18,200

• $51,638 plus 45c for each $1 over $190,000

What was the median income in Australia last year according to Stimulus E?

• $45,000

• $51,000

• $55,000

• $60,000

How many greatest need households were on the waiting list for public housing at June 2022?

• 68,000

• 43,200

• 7,100

• 3,800

In 2023, what would be the equivalent amount for a household that spent $1000 per week on housing costs in 2000?

• $2,377.06

• $1,500.00

• $3,000.00

• $2,000.00

What proportion of people in Australia live in poverty according to the 2023 data in Stimulus I?

• 1 in 4

• 1 in 8

• 1 in 10

• 1 in 12

Which group has the highest percentage of households in poverty due to unemployment?

• Households with a sole parent

• Households reliant on JobSeeker payment

• Households in public housing

• Households with a main income-earner who is a woman

What percentage of sole parent households are in poverty?

• 25%

• 34%

• 52%

• 62%