Year 8 – Economics and Business

Build student knowledge of tax and the role it plays in Australia’s economy and government decisions. Lesson plans also cover different business structures and the changing nature of work.

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Eileen’s spending is out of control! Can you help her? Eileen’s situation Eileen works at the local supermarket on…

Use the relevant workbooks in the Interactive budget templates to complete either option 1 or 2 below (you can do both…

Everyone is different. Some people are natural savers, some are natural spenders and others are somewhere in between…

Income taxAustralia has a progressive tax system. This means that the more people earn, the more tax they pay and the…

Part 1: Calculating taxUse the ATOs weekly tax table or the ATO app Tax withheld calculator to work out how much tax…

Cash wages and tax When you are employed, it’s important you understand your rights in relation to tax. Some…

Decide whether the following individuals should report their employers and why. Scenario Should report…

If you are employed you have both rights and obligations in relation to tax and you should know what these are. The…

Linked activity: The taxation system and the principle of honesty (AC v9.0) Using a SWOT analysis to make a…

Tax returns and your obligationsA tax return is the form you use to tell the Australian Taxation Office (ATO) how much…

Part 1: Identifying allowable deductionsRead the list of items below. Indicate whether you think each item of…

Linked activities: Preparing and lodging a tax return Using a SWOT analysis to make a business decision