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In this activity, you will explore the types of government grants that are available to support business start-ups and growth. Go to GrantConnect’s current grant opportunity list. Type entrepreneur (or innovation) into key words. How many federal government grants are currently available that support entrepreneurs? Which government agency or agencies are funding these grants? Choose up to 6 grants that are…

Real estate 2 points A real estate agent earns 2% commission on everything they sell. How much commission would they make by selling the following: A townhouse worth $438,000? A luxury home worth $2,500,000? 5 points Some agents use tiered commission. They get 2% on the first $500,000 and 5% on anything they make above that. Calculate the commission they make if they sell a house for: Price At 2…

Some businesses sell services, such as an electrician or plumber. However, if a person only works for one business, it is possible that they are an employee and not a contractor.Part 1: Employee or contractor?Go to the ATO website to learn more about the difference between employees and contractors.Compare employees and contractors and explain the difference.Analyse each scenario in table 1 to decide if each individual is an employee or…

Goods and services tax (GST) The Goods and services tax (GST) is a broad-based tax of 10% on most goods and services sold or consumed in Australia. When you buy goods or services, the GST is included in the price. Go to the Calculating GST at 10 percent – How-to-sheet to find out more. Some goods and services are 'GST free' which means it does not have GST included in the price. The GST-free list includes: basic foods (see the list below)…

Part 1: GST You’re setting up a market stall and are putting price tags on your items for sale. Calculate the final price you will charge for each item. How much GST did you collect? Number Item GST exclusive price GST GST inclusive price 1 Tea candle $2.60 2 Scented tea candle $3.20…

Maddie, Anwar and Tom all went to the same country high school, but now they live in the city and share a house. The rent for the house is $150 per person each week which includes electricity. Maddie is a student and works waiting tables at a local Italian restaurant a few nights each week and takes home about $360. Her parents pay her rent for her to help out. Anwar is an apprentice electrician. His take-home pay is $735 each week. He pays…

Part 1: Superannuation guarantee contribution Set up a spreadsheet to complete the missing information table 1. Assume that the superannuation guarantee is 10%. Table 1: Superannuation guarantee Annual salary Super guarantee contribution $34,800 $56,900 $157,540 $221,754…

You are going to use a number of online resources to choose and compare the quality of educational institutions that best meet the needs of different individuals. Record your responses on the Choosing what and where to study – Worksheet. Step 1 Go to Course Seeker and type an appropriate course into the search bar. Use the filters on the left-hand margin to narrow your search. Identify up to 4 tertiary institutions that meet the needs of…