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Names of applicants   Name of the project requiring funding   Purpose of the project   Description of project   Amount of funding required:   Suggest who will benefit from the project People across Australia People state-wide The local community/ratepayers       Linked activities: Tax, services and the division of power (AC…

Read the Taxes, services, and the division of powers – Explainer.Use the following words and phrases to write a brief statement about the role of different levels of government in providing the services needed by Australians.Begin with: All 3 levels of government in Australia work together to provide Australians with the goods and services they need.Words and phrasesdefencecurrencyimmigrationnational concernAustralian Governmentlocal…

Taxes are a big part of our lives and the government uses them to pay for all kinds of important things, like roads, hospitals and schools. All 3 levels of government in Australia work together to provide the goods and services needed by Australians. Everyone benefits from government spending, including you. Refer to table 1 to see which government services you might use each day. Table 1: Things you might do in a day and the level of…

Dear members of the Aboriginal heritage group, I begin by acknowledging the Traditional Custodians of the land on which our council meets, and by paying my respects to Elders past and present. Paragraph 1 [Thanking the group for their response and announcing the decision of the council not to change the zoning laws and its decision to purchase the site where the massacre took place] Paragraph 2 [Inviting the Aboriginal heritage…

How to calculate the average rate of tax (ART)The ART is calculated as total tax paid divided by income.Average rate of tax (%) = (Total tax paid) ÷ income multiply by × 100For example, a person earning $37,000 pays $3,008 in tax. The Average rate of tax is:3,008 ÷ 37,000 multiply by× 100 = 8.1%Calculating taxTable 1: What is a progressive tax scale?Taxable incomeTax on this incomeTotal tax paid(from ATO simple tax calculator)Average rateof tax…

Part 1: Saving to achieve goals Dev is a 25-year-old business consultant and earns a disposable income of $80,000 a year. His expenses for the year are $65,000. This includes his entertainment costs of about $10,000 a year. Dev has lots of items on his wish list, including overseas travel in the next 12 months and having the deposit to buy a home in the next 5 years. He estimates that his overseas travel will cost him about $20,000 and he will…

Eileen’s spending is out of control! Can you help her? Eileen’s situation Eileen is paid $60 pocket money each week. She is responsible for paying all her bus fares, sporting fees, phone credit and things she wants. She needs to save for the school camp but never seems to have money left over at the end of each week. In fact, each week she borrows money to pay for her bus fares. She’s desperate to find a solution. School camp is going to cost…

Use the relevant workbooks in the Interactive budget templates to complete either option 1 or 2 below (you can do both if time permits). Option 1 Create your own budget by completing the first column of the budget workbook in the interactive budget templates. Add categories if you need.  Track your income and spending over the next month. How well did you stay within your budget? What will you change next month? Is your budget balanced, or…