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  Linked activities: The role of tax in ancient societies (AC v9.0) The role of tax in ancient societies (AC v8.4) Income tax and welfare in Australia, then and now (AC v9.0) Income tax and welfare in Australia, then and now (AC v8.4) Causes and effects of changes to the welfare system (AC v9.0) Causes and effects of changes to the welfare system (AC v8.4)

  Linked activity: What are my spending habits?

Step 1: Determine your financial position Your weekly income Your weekly expenses Remaining (if you spend more than you earn, use a negative sign) What financial position are you in? Do you currently: Spend less than you earn? That’s great news, but with some planning and discipline, you can improve. Spend what you earn? You’re living within your means, which is good…

Scenario The government has been advised by the Minister for Health that there are not enough hospitals, cancer treatment centres and practising health consultants in regional areas to cope with number of patients currently seeking medical help for allergies, flu and cancer. They are advised that they need to spend another $5 million on these health services.   The government does not want to borrow money or sell assets, so it has to make a…

Weekly tax tables  

Read the opinion piece ‘Closing the gap for women’s superannuation’ by Noel Whittaker, then answer the following questions. On average, women’s super-balances are what proportion of men’s? Outline the 5 reasons Whittaker gives for women’s lower superannuation balances.  Explain why women tend to earn less from their super funds.  Whittaker provides an example of how decisions on what super investment options you choose can make a…

Part 1: Identifying allowable deductions Read the list of items below. Indicate whether you think each item of expenditure is deductible or not. Refer to My responsibilities in relation to tax - Explainer.   Item of expenditure Is it deductible? Yes or No The bus fares to and from work. Yes No A $100 donation to the Red Cross. Yes No The amount paid to your tax agent…

The budget – Sliced and diced and visualised    Linked activity: Tax spending