Tax in our lives

SubjectEconomics & Business YearYear 8 CurriculumAC v9.0 Time50

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Introduction

In this activity, students explore goods and services they and their families use that are provided by governments, taxed by governments or have no government involvement. Students also embark on a simulated life journey, making choices such as buying a house, beginning employment and having children. At each stage, they encounter ways in which the taxation system relates to these decisions. By engaging in these activities, students gain an appreciation of the way in which the taxation system directly impacts them.

Australian Curriculum or Syllabus

Achievement standard

By the end of Year 8, students explain how markets influence the allocation of resources to the production of goods and services. They explain ways that businesses adapt to opportunities in markets and respond to the work environment. They describe the importance of Australia’s taxation system and its effect on decision-making by individuals and businesses. Students explain why individuals and/or businesses budget and plan.

Students develop a range of questions to investigate an economic and business issue. They locate, select and organise relevant information and data. They interpret information and data to identify economic and business issues and trends, and describe economic cause-and-effect relationships. They develop a response to an economic and business issue. They identify and evaluate potential costs and benefits. Students use economic and business knowledge, concepts, terms and research findings to create descriptions and explanations.

Content descriptions

Economics and Business Knowledge and Understanding

The importance of Australia’s system of taxation and how this system affects decision-making by individuals and businesses. (AC9HE8K04)

Teacher resources

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Interactive

Tax in our lives today - Part 1

 
Interactive

Tax in your life tomorrow

Student learning resources

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Worksheet

Tax in our lives today and tomorrow

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'.

  1. Students play the interactive Tax in our lives today.

  2. Students complete the worksheet. This will also require students engage with the interactive Tax in your life tomorrow.

 

Useful prior learning