tax unit
DESCRIPTION
NZ Tax for business studiesTRANSCRIPT
Business Studies
Paeroa College Business Studies
Pre TestWhat do you know about TAX
testmoz.com/15915
Tax VideoTax Video
What is Tax: www.whatstax.govt.nz Sorted: www.sorted.org.nzInland Revenue: www.ird.govt.nzWikipedia: www.wikipedia.org
Q&A What is income tax? Why do people pay income tax? When don’t you need a tax code? When do you have to start paying tax? How much tax does a low-income earner pay? Is tax always taken out from the money you earn?
Paeroa College Business Studies
What is Tax: www.whatstax.govt.nz Sorted: www.sorted.org.nzInland Revenue: www.ird.govt.nzWikipedia: www.wikipedia.org
What is GST? What is Kiwisaver? What does it mean for young people? Who can apply for a student loan? How do you repay a student loan? Do you have to pay tax if you work for yourself? What are tax credits and which ones can young people qualify for?
Paeroa College Business Studies
Card SortCard Sort1. Sort the cards into similar groups2. Paste the cards onto the sheet and link them with arrows to show how they are related3. Write on the arrow lines the reasons for the relationships
This is How the GovernmentThis is How the GovernmentUse our TaxesUse our Taxes
Write in your books, a statement about Health, Social Security & Welfare and Education
Government SpendingGovernment SpendingThe Government will spend about $8.5
billion over the next few years to help the rebuilding of Christchurch
The Government spends around $70 billion a year ($70,000,000,000)
The population of NZ as at Sunday, 28 Aug 2011 at 10:05:20 am was
4,411,120 1.How much money per person, per year does the Government spend? $15,8692.How much money per person is the government predicting it will have to spend on rebuilding Christchurch due to the earthquakes? $1,927
website
Your first jobYour first jobWhat you need to do
◦The first thing you need to do is to find out whether you need to pay income tax.
Important:◦You don't need a tax code if:
you're a primary or secondary school student, and
you're earning less than $45 a week, (before tax, from all your jobs), and/or
your total annual earnings will be less than $2,340.
Tax GlossaryUse this website to fill in the missing words on the handout. http://tinyurl.com/taxglossary
Paeroa College Business Studies
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What do you know about TAX
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