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We all have to make difficult decisions. Having a strategy to make decisions can make the task easier and support you to make decisions that are informed. Using the PACED decision-making steps is one strategy you can use. PACED is an acronym for the steps involved in this decision-making strategy. These steps are shown in figure 1. Figure 1: PACED decision-making strategy Image: The PACED decision-making strategy with 5 steps. The first…

Reading for meaning alternative for visually impaired The ATO and Tax, super and you websites have information and explainers that are often complex and difficult to read and understand. Use these reading for meaning strategies to help you read these materials. Previewing Give yourself a heads up about the text by: reading the title and any headings and sub-headings looking at pictures, diagrams and calculations skimming…

Tax revenue and the environment Paragraph 1 1Taxes collected at a local, state or federal level provides governments with the financial resources to manage environmental change, in the short and long term. 2Taxes may be imposed to discourage human activity causing environmental damage, to fund recovery strategies when there is environmental damage, to pay for clean-up operations following natural disasters or to develop management strategies…

Tax revenue and spending Paragraph 1 1Taxes collected at the federal, state and local levels of government provide the financial resources necessary to fund goods and services required for the common good of Australian citizens, both in the immediate and longer-term future. 2Taxes are imposed to create and maintain the systems on which we all depend, the institutions required to preserve our health and safety, the initiatives that sustain and…

Tables and charts serve as visual representations of datasets. Tables present lists of numbers or text in columns and can be used to present raw data. Charts or graphs, on the other hand, are used to visually represent the relationship between 2 or more variables, each measured across an axis. Building tables Tables can be constructed by hand or by using a word processor or a spread sheet program such as Excel. The following elements should…

Mean The ‘mean’ is the total of the numbers divided by how many numbers there are. For example, if our set of values was $[1,2,6,6]$, the mean would be calculated like so: \begin{equation*} \text{Total}=(1+2+6+6)=15 \end{equation*} \begin{equation*} \text{How many numbers}=4\end{equation*} \begin{equation*} \text{Mean}=\frac{\text{Total}}{\text{How many}}=\frac{15} 4=3.75 \end{equation*} So, the mean of [1, 2, 6, 6] is 3.75. Example 1 What…

The average annual economic cost of natural disasters in Australia in 2007–2016 was $18.2 billion, and this is expected to increase to $39 billion in 2050. When a natural disaster impacts an area, there are the immediate economic costs of providing emergency assistance as well as the costs associated with the loss of industrial output and agricultural produce. In the longer term, during the period of recovery, there are both the costs of…

  Linked activities: Emergency tax levy debate (AC v9.0) Emergency tax levy debate (AC v8.4)