My responsibilities in relation to tax
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Introduction
In this activity, students also explore the concept of honesty, how honest they are and the consequences of being dishonest, both generally and in relation to taxation. They learn that employees have a responsibility to complete a tax return by the end of October 31 each financial year and explore the concept of allowable deductions and how these can be used to reduce taxable income.
Achievement standard
By the end of Year 9, students explain the role of the Australian economy in allocating and distributing resources, andanalyse the interdependence of participants in the global economy. They explain the importance of managing financial risks and rewards and analyse the different strategies that may be used. They explain why businesses seek to create a competitive advantage, including through innovation, and evaluate the strategies that may be used. Students analyse the roles and responsibilities of participants in the workplace.
When researching, students develop questions and simple hypotheses to frame an investigation of an economic or business issue. They gather and analyse relevant data and information from different sources to answer questions, identify trends and explain relationships. Students generate alternative responses to an issue and use cost-benefit analysis and appropriate criteria to propose a course of action. They apply economics and business knowledge, skills and concepts to familiar, unfamiliar and hypothetical problems. Students develop and present evidence-based conclusions and reasoned arguments using appropriate texts, subject-specific language and concepts. They analyse the effects of economic and business decisions and the potential consequences of alternative actions.
Content descriptions
Economics and Business Knowledge and Understanding
The changing roles and responsibilities of participants in the Australian or global workplace (ACHEK042).
Economics and Business Skills
Apply economics and business knowledge, skills and concepts in familiar, new and hypothetical situations (ACHES047).
Reflect on the intended and unintended consequences of economic andbusinessdecisions (ACHES049).
Student learning resources
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How honest are you?
The consequences of dishonesty
My responsibilities in relation to tax
Allowable deductions
Writing paragraphs in Economics
Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
Part A: Honesty
- As a class, discuss the meaning of honesty. Invite students to give examples of honesty and dishonesty.
- Students complete the How honest are you? Quiz.
- Invite students to share their results or if they were surprised by them.
- Use a grouping strategy to organise students into groups of 3 or 4.
- Groups complete a mind map by following the group instructions.
- Post mind maps on the wall.
- Conduct a gallery walk and allow groups to explain their mind maps to others.
- As a class discuss the collective views of the consequences of dishonesty.
Part B: Tax returns and allowable deductions
- Students read the explainer. Encourage students to use the reading for meaning strategy or take notes using the Cornell note taking system to scaffold their reading.
- Students complete the worksheet.
Part C: Honesty and the ATO
- Explain that the Australian taxation system is based on the principle of trust and that the ATO assumes people are being honest when they submit their tax returns.
- Explain that people cheat the system by either:
- not declaring income
- over-claiming deductions.
- Original groups brainstorm the consequences of cheating the tax system, drawing on earlier discussions around the consequences of dishonesty.
- Use a discussion strategy such as a snowball discussion so that each group shares their findings with another group and so on, until the whole class is joined up in one large discussion.
- Students write a paragraph explaining the consequences of people cheating the tax system for themselves, others, and broader society.
Refer students to Writing paragraphs in Economics – Model.