MODULE 6: Taxation - everyone pays

Module 6 aims to alert students to taxation issues and responsibilities. 

Last Updated: 15/5/2016

Students should be able to:

  • identify their taxation rights and obligations as Australian citizens or residents

  • appreciate the purpose of taxation

  • recognise different forms and rates of taxation

  • consider the effect the goods and services tax (GST) has on consumers

  • understand how the Higher Education Loan Program (HELP) operates and who it affects.

  • Payment of taxes on income and spending is a legal requirement in Australia.
  • Income tax is only one aspect of a citizen’s taxation commitment.
  • The Australian Taxation Office (ATO) administers government taxation policies.
  • There are strict rules governing what is considered assessable income and what may be allowable deductions to reduce assessable income.
  • A key component of the assessment process is the completion and lodgement of an income tax return.
  • A TFN (tax file number) is a unique number issued to individuals by the ATO.
  • There are strict rules governing what is considered assessable income and what may be allowable deductions to reduce assessable income.
  • Study at university may incur a HELP (Higher Education Loan Program) liability that will need to be repaid through the taxation system at a later date.
  • Governments redistribute income through taxes.

assessable income
ATO
audit
avoidance
BAS
beneficiary
capital gains tax
commonwealth government
consumer
clarify
deduction
elaboration
employee
employer
exempt
federal government
financial year
flat taxation rate
FBT
Graduate
GST
HECS
HECS-HELP
HELP
income
income – earned
income – passive
Individual Tax Return Instructions Supplement
legal
legitimate
marginal tax rate
Medicare levy
offset
pay – gross
pay - net
PAYG
PAYG payment summary
postgraduate
progressive tax
penalty
profit
qualification
refund
self-assessment
substantiate
superannuation
tax evasion
tax file number
tax free threshold
tax invoice
tax offset
tax return
taxation
tertiary
TFN
transfer payment
undergraduate

NCFLF DIMENSIONS

Knowledge & Understanding

  • Identify and explain strategies to manage personal finances
  • Explain the different ways in which people are paid including wages, salaries, commissions, self-employment and government benefits
  • Discuss why some goods and services are provided by Government for community benefit and how these are funded

Competence

  • Investigate the financial decisions required at significant life-stage events
  • Accurately complete and explain the purpose of a range of financial forms, including for online transactions

Responsibility & Enterprise

  • Explore the economic cost of individual and collective consumer decisions of the broader community and the environment
  • Understand and explain the legal responsibilities of taking on debt, including the consequences of not paying
  • Explain how, as financially active citizens, they fit into the broader economy and society through:
    • Generating income and paying taxes
    • Saving
    • Spending
    • Donating, and
    • investing
  • Explain the role played by governments and the voluntary sector in the community to help those in financial need and explore the cost benefit to the economy

ENGLISH

LITERACY YEAR 9
Interacting with others

  • use interaction skills to present and discuss an idea and to influence and engage an audience by selecting persuasive language, varying voice tone, pitch, and pace, and using elements such as music and sound effects (ACELY1811)
  • plan, rehearse and deliver presentations, selecting and sequencing appropriate content and multimodal elements for aesthetic and playful purposes (ACELY1741)

Interpreting, analysing, evaluating

  • Interpret, analyse and evaluate how different perspectives of issue, event, situation, individuals or groups are constructed to serve specific purposes in texts (ACELY1742)

Creating texts

  • Create imaginative, informative and persuasive texts that present appoint of view and advance or illustrate arguments, including texts that integrate visual, print and/or audio features (ACELY1746)
  • Use a range of software, include word processing programs, flexibly and imaginatively to publish texts (ACELY1748)

MATHEMATICS


NUMBER & ALGEBRA YR 9

Real numbers

  • Solve problems involving direct proportion. Explore the relationship between graphs and equations corresponding to simple rate problems (ACMN211)

STATISTICS & PROBABILITY YR 9

Data representation & interpretation

  • Identify everyday questions and issues involving at least one numerical and at least one categorical variable, and collect data directly and from secondary sources (ACMSP228)

GENERAL CAPABILITIES
LITERACY

Comprehending texts through listening, reading and viewing

Navigate, read and view learning area texts

  • Navigate, read and view a wide range of more demanding subject-specific texts with an extensive range of graphic representations

Composing texts through speaking, writing and creating

Compose spoken, written, visual and multimodal learning area texts

  • Compose and edit longer and more complex learning area texts (AC ELY1756)

Use language to interact with others

  • Use pair, group and class discussions and formal and informal debates as learning tools to explore ideas, compare solutions, evaluate information and ideas, refine opinions and arguments in preparation for creating texts (ACMSP253)

NUMERACY
Recognise & use patterns & relationships

  • Explain how the practical application of patterns can be used to identify trends

Interpreting statistical information
Interpret data displays

  • Evaluate media statistics and trends by linking claims to data displays, statistics and representative data (ACMSP253)

INFORMATION & COMMUNICATION TECHNOLOGY CAPABILITY
Investigating with ICT
Define & plan information searches

  • Select and use a range of ICT independently and collaboratively, analyse information to frame questions and plan search strategies or data generation

Creating with ICT
Generate ideas, plans & processes

  • Select and use ICT to articulate ideas and concepts, and plan the development of complex solutions (ACELY1751)

CRITICAL & CREATIVE THINKING
Inquiring – identifying exploring & organising information & ideas
Pose questions

  • Pose questions to critically analyse complex issues and abstract ideas (ACELT1812, ACMSP228)

Reflecting on thinking and processes
Think about thinking (metacognition)

  • Give reasons to support their thinking, and address opposing viewpoints and possible weaknesses in their own positions (ACELT1640, ACMSP247)

PERSONAL & SOCIAL CAPABILITY
Self-management

Work independently & show initiative

  • Establish personal priorities, manage resources effectively and demonstrate initiative to achieve personal goals and learning outcomes (ACELY1756)

Become confident, resilient and adaptable

  • Evaluate, rethink and refine approaches to tasks to take account of unexpected or difficult situations and safety considerations (ACELY1757)

Social management
Make decisions

  • Develop and apply criteria to evaluate the outcomes of individual and group decisions and analyse the consequences of their decision making (ACMNA229)

INTERCULTURAL UNDERSTANDING
Consider and develop multiple perspectives

  • Present a balanced view on issues where conflicting views cannot easily be resolved (ACELT1643, ACMSP227) 

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