Economics and Business

Teach your students about earning an income, how to manage money and set financial goals. In addition, develop knowledge of basic business planning and what makes a business successful.

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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…

One of the first things you do when you start a business is decide on how it will be structured. Businesses are set up…

There are advantages and disadvantages associated with different business structures. Read Business structures –…

Part 1: Deciding on the characteristics of entrepreneurs In groups, decide on the meaning of each quality listed in…

Linked activity: Entrepreneurs and record keeping (AC v9.0) Profit, loss, and record-keeping (AC v8.4)

As entrepreneurs, you are going to open a hypothetical dog-walking business. Entrepreneurs assume risks and then keep…

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…