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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Linked activities: What happens after I lodge my tax return? (AC v9.0) Using a SWOT analysis to make a…

Write answers to the following frequently asked questions: How long does it take to process a tax return? What…

Businesses, including sole traders, have a key role to play in Australia’s taxation system. They collect tax on sales,…

Goods and services taxHow to you pay it?The goods and services tax (GST) is a broad-based tax of 10% on most goods and…

Part 1: Calculating GST Calculate the GST paid by customers on the following items. This grocery list does not…

Who provides the services you use? All 3 levels of government in Australia work together to provide Australians with…

Linked activity: What taxes do you pay and why?

Linked activity: Your responsibilities in relation to income tax

Linked activity: Using a SWOT analysis to make a business decision

To complete a tax return, you will need information about your income and allowable deductions. Assessable income The…

Linked activity: Impact of tax on individual and business decisions

Some goods and services are 'GST free' which means they do not have GST included in the price. The GST-free goods and…