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Calculating tax - Solutions
Part 1: Calculating GSTCalculate the GST paid by customers on the following items. This grocery list does not include basic or fresh food, as these items are GST-free. You can use the GST calculator if you want.ItemAmount paid (includes GST)GST paidDog food$5.80$0.53Cleaning sponges$2.50$0.23Frozen pizza$5.90$0.54Laundry powder$9.90$0.90Dishwasher tablets$17.80$1.62Spray cleaner$6.50$0.59Cordial$3.80$0.35Potato crisps$2.50$0.23Canned soup$1.75$0…
WorkbookEconomics & BusinessYear 8Making consumer decisions - Cloned
Part 1: Making a purchasing decision
Scenario
You need a new mobile phone plan that includes a phone.
Search the internet for different plans that are available.
Which one would you choose and why?
OR
Choose something you would like to buy.
Search the internet to find different options.
Which one would you choose and why?
Part 2: Making an informed consumer decision
Decision making tool
P
PROBLEM
Define…
WorksheetNSW CommerceStage 5Assessable income and allowable deductions - Solutions
To complete a tax return, you will need information about your income and allowable deductions.Assessable incomeThe most common source of income for young people is money earned through employment. At tax time you will be able to access your income statement via myGov. This statement will tell you how much you earned and how much tax was deducted from your income.You may have also received unearned income. This is income from investments and…
WorksheetEconomics & BusinessYear 8