Tax in our lives today and tomorrow
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Introduction
In this activity, students explore goods and services they and their families use that are provided by governments, taxed by governments or have no government involvement. Students also embark on a simulated life journey, making choices such as buying a house, beginning employment and having children. At each stage, they encounter ways in which the taxation system relates to these decisions. By engaging in these activities, students gain an appreciation of the way in which the taxation system impacts directly on the individual, and that taxes are both a cost and a benefit to individuals.
Achievement standard
By the end of Year 8, students explain how markets operate and recognise why governments may influence the market’s operation. They explain the rights and responsibilities of consumers and businesses in terms of financial and economic decision-making. They explain why different types of businesses exist and describe the different ways businesses can respond to opportunities in the market. Students describe influences on the way people work and factors that may affect work in the future.
When researching, students develop questions and gather relevant data and information from different sources to investigate an economic or business issue. They interpret data to identify trends and relationships. They propose a range of alternative responses to an issue and evaluate the costs and benefits of each alternative. They apply economics and business knowledge, skills and concepts to familiar and unfamiliar problems. Students develop and present evidence-based conclusions using appropriate texts, subject-specific language and concepts. They identify the effects of an economic or business decision and the potential consequences of alternative actions.
Content descriptions
Economics and Business Knowledge and Understanding
The ways markets in Australia operate to enable the distribution of resources, and why they may be influenced by government (ACHEK027).
Economics and Business Skills
Apply economics and business knowledge, skills and concepts in familiar and new situations (ACHES036).
Student learning resources
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Tax in our lives today and tomorrow
Tax in our lives today - Part 1
Tax in your life tomorrow
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Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group. If you assign this activity to a class, your students will be assigned all student resources on their 'My learning' page. You can also hand-pick the resources students are assigned by selecting individual resources when you add a work item to a class in 'My classes'.
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Students play the interactive Tax in our lives today. Note: students who are visually impaired can play the interactive Tax and you.
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Students complete the worksheet. This will also require students engage with the interactive Tax in your life tomorrow.