Assignments 4 - 6: Pages 12, 13, and 27 in Finance Park Book
Today we discussed taxes ... simplistically, but taxes nonetheless.
When you are working on these assignments, please feel free to discuss these pages with other people. In fact, I encourage you to! No internet research, I want you to have real, live conversations about what is taxed and what is not.
4: Page 12 - What Do You Think?
This is an opinion piece, but I do expect you to elaborate and make your opinion clear to me. It requires you to think about the idea that taxes are collected to pay for things (like schools, like firefighters, like the FBI), but could perhaps be paid for when you actually use them instead. This would give you more money in your pocket, theoretically, but then you would have to save for these types of things so you are ready to pay for them whenever that need arises. It's actually pretty complex, but interesting to think about. It is worth two points, so be certain to earn them!
5: Page 13 - What Are Taxes?
Fill in the Sales Tax and Property Tax tables. Be sure your choices are accurate ones!
6: Page 27 - Sales Receipt Analysis
Calculate the items at 7% sales tax, but do not use a calculator. You may use a proportion or a decimal (as shown on the page) to find your answers. Be sure to show/include all of your calculations.
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